The number of IFAs who plan to leave the industry ahead of the RDR has fallen to a two and a half year low, research from Aviva suggests.
Just 7% now plan to stop trading, compared to 10% in December 2010 and 36% in January 2009, according to a poll of 230 advisers by the insurer.
Aviva's research also suggests advice firms are well underway in getting their businesses ready for RDR.
More than two-thirds of advisers (69%) are changing their business models, with three-quarters (74%) introducing different service levels for different types of client.
Independent also looks to remain the standard bearer for the industry, as more firms (71%) plan to offer independent advice, up from 65% in December 2010, with fewer firms planning to offer restricted advice or a multi-advice model.
The research suggests the focus of adviser concerns is shifting towards the financial reality of running a business post-RDR.
Qualifications are now less of a concern (39%) than worries about remaining profitable (47%), adopting adviser charging (44%) and applying VAT to the new charging model (40%).
Dean Lamble, director of distribution development at Aviva said: "It's encouraging to see growing adviser effort and confidence as the RDR deadline moves ever closer"
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