RDR has destroyed IFA self-belief - Reeve

He believes smaller firms will have been particularly badly hit: "Many IFAs are individuals and in some ways it is a very lonely existence. "You are sat there as a small businessman looking at a troublesome market and there is a massive regulator, which is influenced by a giant bank, imposing changes on you which you don't really understand." As a result, Reeve says the directly regulated market will be suffering more than other sectors: "If you are a one man band who is directly regulated you're going to be thinking how am I going to put this training plan together, how am I going to m...