Advisers expect an anticipated increase in self-directed investment following the introduction of the Retail Distribution Review (RDR) will lead to more work for them, research suggests.
Almost half (45%) of the 188 advisers questioned by Axa Wealth said they believed that the predicted increase in do-it-yourself investment solutions would lead to more people seeking financial advice. The figures come from research conducted by YouGov. As well as asking advisers, some 256 UK-based adults were also questioned. Mike Kellard, chief executive officer at AXA Wealth, said: "Self-investing is not new, but with the abolition of commission on investment products, it is perhaps logical that some people may look to avoid paying a fee for financial advice for more simple transact...
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