A new survey reveals 43% of advisers fear the RDR will have a negative impact on their business.
Marketing agency Teamspirit’s study of 200 advisers shows the RDR and wider regulation impacts are a major IFA concern in the next 12 months.
However, the majority of advisers are behind the FSA's Treating Customers Fairly (TCF) initiative, with 63% thinking it will have a helpful influence on business.
The study also reveals 70% intend to adopt the professional advisory model outlined in the RDR.
Advisers are also bullish on the year ahead; with 58% predicting business to increase this year, despite the concerns facing the UK economy.
Over half surveyed think retirement solutions and SIPPs will bring the biggest growth opportunities for 2008, with protection and mortgage advice also featuring prominently.
“It’s encouraging to hear that the independent sector is confident about its future despite the anticipated recession,” Teamspirit chief executive Joanne Parker says.
“Our research shows that the role of advice is ever more in demand when we’re faced with difficult economic times.”
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