More than a quarter of advisers saw preparation and implementation of the Retail Distribution Review (RDR) as the "toughest" period in their professional life, a survey has found.
Analysis from pension specialist Dunstan Thomas found 27% of the advisers polled struggled with the change, while another 18% admitted that RDR had caused them to lose income. However, about 40% said RDR made no real changes in working practices as the firm they worked within "has always operated in a RDR-ready manner". Statistics from its latest guide, Life after the Retail Distribution Review, also showed retaining clients was the top priority for IFAs post-RDR. More than a third of advisers (36%) signalled that client retention was their biggest target this year, while an even l...
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