Nick Cann, chief executive of the Institute of Financial Planning, has warned that advisers outside the UK must prepare for change as international regulators increasingly monitor the success of the retail distribution review.
Speaking at the Guardian Wealth Management conference in Nice, Cann said: "The regulators from all parts of the world are watching the RDR. For some people there will be a tsunami of regulations".
His warning came a couple of months after the IFP met with heads of other financial planning organisations from Australia, Canada and Thailand, who said they were watching to see whether their regulators will also introduce RDR-style rules.
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