1st January 2007, 08:32 PM
Absolutely sire.In an increasingly pseudo-legal industry-if the IFA are seen to be the validators of some standards of work,surely they can legally be held to account when RAO status does not amount to the description on the tin.I`m afraid that I don`t share your willingness to accept the "genuine mistake" card of Network for a number of reasons-irrelevent here but my main point remains-whilst there are some superb RAOs out there, there are others who fall way short of expected professional standards.If there is no policing of RAOs, like there is no policing of commercial units, I think the IFA opens itself up to the weight of commercial litigation.I worked for a consultancy some years ago who openly admitted that an RAO stamp of approval-like an audited quality assurance system-is worth real money and real business.If this is the case, and we are to encourage other units to apply for RAO status-surely we need to assure them that they are not simply taking part in another pantomime and that RAO status really is worth something.I think that the legal aspects of RAO status should be very carefully thought about by the IFA and further, the status itself should be attainable only by those who meet if not exceed its tenets.Those who do should be protected against the "genuine mistakes" and back-door re-entry of those who fall way, way short of even the basics of expected professional standards on a consistant basis.
..knowledge without action is insanity and action without knowledge is vanity..(imam ghazali,ayyuhal-walad)
..knowledge without action is insanity and action without knowledge is vanity..(imam ghazali,ayyuhal-walad)