A proposals to delay the RDR by 12 months to give financial advisers more time to meet its rules appeared, initially, to receive a mixed response.
The FSA immediately ruled out a delay, but a number of key stakeholders said they supported the move. However, three more industry heavyweights have this morning outlined why they believe a delay would be detrimental to consumers. ABI "We support the existing timetable for RDR implementation as it will allow customers to have a better experience when they access financial advice," said Margaret Craig, director of life and savings. "It is imperative for the industry and FSA to not lose sight of the RDR's overall objective which was to make things simpler and more transparent for c...
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