Wanted! More independent financial advisers

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The UK's need for IFAs has never been so great, writes John Baxter, head of Macquarie's veracity asset. transformation service

Twenty years ago there were more than 200,000 registered individuals in the UK who could give the public financial advice or sell financial products. Today, that number has dropped to just over 20,000 and, if some reports are to be believed, this number will fall further as a result of the Retail Distribution Review (RDR). It is a moot point whether the public is better served now than two decades ago, but what is clear is there will be a need for more professional advisers in the years to come. There has never been a better time to be involved in the financial advice sector. The credit ...

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