Foster Denovo|News & opinion|News|Stretching your resources – the threat of cap ad

Stretching your resources – the threat of cap ad

Tougher financial resource requirements present a major threat to adviser firms, warns Roger Brosch, Chief Executive of Foster Denovo.

Changes to financial resource requirements (FRR) represent a pillar of the FSA’s Retail Distribution Review (RDR), alongside professionalism, qualifications, and the way in which advice services are described and charged for.

It is an area that could force some companies to sell up, others to change the way they operate, and – ultimately – see a few fail to meet the requirements and be forced to cease trading.

To read the full article on IFA Online, please click here.

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