Consultant Veracity Asset Transformation and the Financial Services Authority (FSA) have come together to launch a new forum to help advisers make the transition to the retai distribution review (RDR).
The quarterly forum will aim to help firms communicate better with the FSA and each other as they make the transition to a post-RDR business model.
Veracity chief executive John Baxter said the next 12 months would be 'crucial' for advisers preparing for the RDR deadline.
He warned that, while many individual advisers had started preparing by taking their qualifications, some firms are still yet to take measures to be RDR-ready.
"If you look at the amount of advisers taking their professional exams it gives confidence that some of the most pessimistic reports will have been unfounded," he said.
"The same cannot be said about the progress being made at firm level to change the business model."
Independent financial adviser Lighthouse recently said it expects that a quarter of its advisers will miss the compliance deadline for qualification requirements under the RDR.
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