Advisers predict RDR will push clients back to direct sales

Of the 57% of advisers who think DIY investing will rise, 62% believe providers will increase the number of direct-to-consumer products in response. Around eight in ten IFAs responding to the L&G What Matters Investment Index survey said consumers would buy unsuitable investments as a result of DIY investing. Almost a third said the move to direct investing would increase complaints to the Financial Ombudsman Service, and a third said their own businesses would suffer. "I would not be surprised if private investors turn to the internet more as the place to research and buy funds,...