Advisers confident for RDR but concerned by profits

clock

IFAs are positive about post- RDR developments but uneasy about the bottom line, an Aviva survey has revealed.

The Adviser Barometer found the majority of respondents (89%) expect to remain in business beyond the review's deadline of 1 January 2013. Only 4% anticipate leaving the market. Director of distribution development at Aviva, Dean Lamble attributed confidence to, "the rules [which] have mostly landed" providing clarity. According to the research 69% of advisers are making changes to their business models in preparation for RDR. For instance 67% are segmenting their client base while 47% are increasing investment in their business. Over one third (36%) are looking to recruit more advisers....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read
FSCS places Lancashire firm Frodsham Financial Planning in default

FSCS places Lancashire firm Frodsham Financial Planning in default

Advice practice formerly traded as Tom Carroll Associates FP

Hope Coumbe
clock 13 February 2024 • 1 min read