IFA exodus talk betrays adviser 'resilience'

L&G director of new distribution Danny Wynn says the market is full of innovators who will find ways to profit from a changing financial advice landscape. His comments follow a number of predictions, most recently by insurance giant Aviva, the RDR could force up to 50% of advisers from the industry as they struggle to cope with the demands of new qualification requirements and fresh capital adequacy rules. According to Wynn, the financial advice market may ultimately be split between those firms offering ongoing face-to-face advice and those offering advice for "significant" events only...