More than half of advisers believe the Retail Distribution Review (RDR) has benefited the profession with transparency ranked the most positive effect, according to Schroders research.
The fund manager's annual adviser survey revealed 56% of IFAs thought the RDR had been positive, up from 41% last year. Advisers listed transparency and clarity of fees; increased professionalism; and improved business models as the top three outcomes. The survey of 644 investment advisers also revealed 22% thought the RDR had not been positive; last year that figure stood at 33%. The rest were neutral. The research also highlighted what advisers felt have been negative consequences of RDR - the advice gap was growing; they had to deal with increased administration and regulation; and...
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