Bridging the retirement advice gap

The advent of RDR was always expected to affect adviser numbers. Some advisers will choose to retire while others will sell their client banks on to other firms. However, just eight months into the new RDR-ready world we can see adviser numbers have declined faster than many could have predicted. Figures released by the Association of Professional Financial Advisers (APFA) in July showed there were 20,453 individuals operating as of 31 December 2012. These figures were based on individuals holding the CF30 function who had a primary category “financial adviser” under Financial Serv...