Readiness of IFAs for Retail Distribution Review called into question

Ready, steady... go

Recent surveys conducted by the Association of Financial Advisers (AIFA) and the Financial Services Authority (FSA) in the UK may have overstated how prepared independent financial advisers (IFAs) are for the implementation of the FSA's Retail Distribution Review (RDR) in January 2013, market participants have warned.

According to figures from AIFA's readiness survey published in April, 90% of advisers are ready for the RDR deadline and many are obtaining chartered status ahead of RDR deadlines.

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