Up to a quarter of advisory firms are unsure whether they will be RDR-compliant by 2013, according to research from the Association of Independent Financial Advisers (AIFA).
The poll of 300 advisers conducted on behalf of AIFA found 75% had "reviewed their business model and believed their firm was either already RDR ready or would be before the end of year deadline."
However, 12% had reviewed their business model but were not in a position to implement the changes, with 7% yet to review their business model. Some 6% "did not know their firm's level of preparedness."
Chris Hannant, policy director at AIFA, said: "We appreciate the significant challenges facing the IFA profession, so it's good to see that so many firms are taking steps to build robust RDR compliant business models.
"However, it's also clear that a number of firms are yet to get up to speed with the new RDR requirements, with just 250 days left to the implementation deadline.
"For these firms, it is important that they determine where their business stands and what they need to do to be ready in time."
The research was conducted in conjunction with AIFA's FFWD programme, which Hannant said provides advisers with a step-by-step guide to determining a firm's RDR position.
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