AIFA to Treasury: 'RDR will be seen as a failure'

The trade body warned the Treasury the FSA's successor can only help advisers by bringing in less change, fewer "new ideas" and more consistent delivery. In a report out today, A Manifesto for Regulation, AIFA says regulation should be governed by six high-level principles, including proportionality. Strange says: "Judging the current RDR by these six principles there is a real danger it will be seen as a failure. While we support the original objectives there is a serious risk of driving out good firms, increasing the costs of advice and reducing access to the financial services mark...