Few advisers will drop out of the industry after the Retail Distribution Review (RDR) and most plan to go independent, research from Capital Platform suggests.
Its survey of 518 advisers has revealed only 4.76% intend to shut up shop after the legislation change. Almost three quarters of these (71.43%) intend to be independent. This compares to the 23.81% that will take the restricted route. The research also revealed 66.67% of advisers are to offer independent advice and execution-only services. More than half (56.76%) of respondents, meanwhile, said they will be RDR-ready in January and will not lose their clients. Almost three quarters (73.81%) of advisers said they have qualified and completed their exams to trade in January, while...
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