The proportion of advisers intending to leave the industry ahead of Retail Distribution Review (RDR) implementation appears to be levelling out, a survey has suggested.
Aviva's June Adviser Barometer found just 3.4% of advisers questioned were thinking of leaving the industry ahead of 1 January 2013, the same percentage as seen in the company's March survey.
The figure, calculated from online interviews with 355 advisers, is in stark contrast to the 37% who suggested they would leave when asked in January 2009.
Although he pointed some of these advisers may have already left in the industry in the intervening period, Andy Beswick, intermediary director at Aviva, said it was still positive news for consumers.
"We haven't yet seen advisers exit the market to the levels previously predicted, this is good news as it means professional financial advice will remain more accessible to more customers.
"Advisers do face greater challenges though and getting past the RDR deadline is only the start. The industry is adapting but there is a real opportunity to go one step further and embrace change."
The survey also suggested that 79% of the advisers are intending to stay independent post-RDR, although Beswick said caution was needed in this area.
"I think the industry will end up going more restricted than our barometer suggests," he said. "January 2013 won't see a revolution but just the start of the process of change."
In terms of changing their business models, 16% of the advisers still do not know how they will facilitate adviser charging post RDR.
Meanwhile, 51% are expecting the majority of clients to make their fee payments through provider facilitation, with 15 taking payments through a platform
Another 15% are intending to take two separate payments: one for advice and one for the product.
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