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 says. "They don't want constant change."
Meanwhile, Bankhall has unveiled an online support system for advisers to help them meet the RDR's requirements.
Entitled ‘Prepare for 2013', the service includes help matching IFA buyers and sellers. IFA Exchange provides an online marketplace for firms, including exit and acquisition guidance. But Bankhall says those firms looking to buy must be members to benefit from the service.
Prepare for 2013 also offers business and qualifications support, including discounted training courses and study materials.
For more information, click here.
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