RDR

Today the Association of Professional Financial Advisers (APFA) released its research, spanning five years, into the shape of the adviser marketplace. Here IFAonline breaks down its findings into the key numbers.

Prudential has reported operating profits for 2012 of £2.5bn, up 25% on the previous year.

‘Sabre-rattling' IFAs have contributed to the marginalisation of the profession as a whole, according to a senior partner at True Potential (TP).

Total assets in UK wealth management reached a record high of £527bn in Q4 last year, despite fears regulation would dampen inflows and put pressure on costs.

The Retail Distribution Review (RDR) and a similar regulatory upheaval in Australia represent the most significant changes to the global financial advice industry in 2013, according to an influential US report.

Standard Life has suffered net outflows for its UK retail business, following an 11% rise in redemptions.

Advisers are equally split on whether the Retail Distribution Review (RDR) will have a beneficial impact on the industry, according to Skandia.

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Insurance giant Legal & General (L&G) has reported increased operating profit of £1,087m following double digit sales growth.

The Financial Services Authority (FSA) has outlined plans for a further clampdown on referral fees paid by discretionary fund managers (DFMs) to advisers.