IFA concerns grow on commercial impact of RDR

Laura Miller
clock

The transition to adviser charging is increasingly focussing advisers' attention ahead of the RDR deadline while concern over qualifications wanes, according to research from L&G.

Among 343 advisers surveyed, 67% said the move from a commission-based model is the area where they most need extra provider support; an increase of 5% on the insurer's previous RDR Census. By comparison, the number of adviser who said training and qualifications was their biggest concern fell 3%. However, with 78% of votes, qualifications still topped the list of areas where advisers want additional provider help. L&G says the trend is towards the industry feeling it has the professionalism side of RDR "under control" but is now realising the "significant" commercial challenges pr...

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

Join

 

Already a Professional Adviser member?

Login

More on RDR

RDR ten years on: An advice industry changed for the better
RDR

RDR ten years on: An advice industry changed for the better

'The end of the advice industry as we know it'

Kevin Silvester
clock 08 February 2023 • 2 min read
RDR

Deja vu: Are we heading back to the future on commission?

Marty, fire up the DeLorean

Tim Sargisson
clock 13 January 2016 • 3 min read
RDR

Blog: How can we shrink the advice gap?

The advice gap has been a popular topic since the Retail Distribution Review, but hasn't this gap always existed?

clock 02 November 2015 •