Advisers are faced with a stark choice of adapting their business to harsh economic downturn conditions or facing extinction.
This is according to FP Advance which is set to partner with the Institute of Financial Planning to run RDR impact seminars. “Change or die – the choice is yours,” says Brett Davidson, chief executive at FP Advance, who warns the downturn is likely to worsen before getting better. With the next stage of the RDR process announced on 25 November, advisers and financial planning businesses must evolve considerably over the next few years if they are to survive, let alone compete effectively in the new environment, he says. Davidson says many intermediaries resisted the need to get off ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
