CII expects 11m more will seek advice post-RDR

Research commissioned by the organisation found 81% of the public does not know about the new qualification requirements, while 80% are unaware of how the changes will affect the way financial advisers are paid. However, once the outcomes of RDR were explained to them, 33% of those who do not currently take financial advice - equating, the CII estimated, to some 11 million people - said they would consider doing so. Among the 25-34 year old age group, 48% said they would consider financial advice, while the corresponding figure for those within the social grade C2 (skilled manual work...