APFA to FCA: Give advisers a break on new rules and 'regulatory dividend'

The Association of Professional Financial Advisers (APFA) has written to the regulator to ask for a period of regulatory certainty to allow advisory firms to adapt fully to the Retail Distribution Review (RDR).

APFA said advisers needed the regulator to stop implementing new policies to be able to refine their business propositions post RDR. The organisation has asked the Financial Conduct Authority (FCA) to commit to a moratorium on major policy initiatives that affect the advice sector until 2015. APFA has also drawn up a list of concessions, a 'regulatory dividend', for advisory firms it wants the regulator to commit to in order to make the system fairer for advisers. APFA director general Chris Hannant (pictured) said: "The aim of the RDR was to improve the delivery of investment advi...