The number of financial advisory businesses intending to trade on a purely independent basis in 2013 is falling, according to a poll comparing sentiment now with a year ago.
Skandia's survey of almost 1,000 firms found 63% intend to meet the FSA's new requirements for independence from 1 January next year.
This compares to the 84% recorded this time last year, although that result was based on more than 1,700 responses.
The number of advisers who intend to provide a restricted only model almost doubled, although still represents 5% of the market.
|Q1 2011||Q1 2012||% Change|
Head of UK intermediary distribution
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