Parliament’s Treasury Committee has called for FSA to delay implementation of the Retail Distribution Review (RDR) for 12 months. The Committee agreed that commission should be banned and that advisers should meet higher standards, but said a big exodus of experienced advisers from the market could harm consumer choice. It says the delay would allow more advisers to get the right qualifications. FSA is believed to be committed to its original implementation date. (Source: Report: Treasury Committee Calls for 12 Month Delay on RDR)