The FSA's fondness for change will be the most likely cause of an IFA exodus over the next three years, research suggests.
According to a survey of 542 adviser members of support services provider Bankhall, 39% say ‘regulatory change and approach' is most likely to hasten their exits. Advisers attending Bankhall conferences throughout June were asked: ‘What one thing could stop you being an adviser in 2013?' Only 28% cited proposals in the RDR to raise the minimum qualification level for advisers, while 16% said the economy and 17% said they were intent on retiring anyway. "Advisers want the FSA to establish a way of working and then stick to it," Bankhall managing director of IFA Services David Golder...
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