Fears continue to mount good advisers could be forced out of the industry unnecessarily as a result of new standards proposed in the Retail Distribution Review (RDR), Sesame research suggests.
Findings from a study conducted at the network's annual Symposium revealed 57% of those surveyed either agreed or strongly agreed that minimum qualifications requirements would force advisers out of the profession. A total of 62% added it would hasten retirement plans for many others ahead of the 2012 qualifications deadline. "An RDR-induced exodus has been mooted in certain circles for some time and these findings unfortunately confirm some of these worst fears, as advisers fully expect to see many of their peers leave the advice profession prematurely," explains Stephen Young, sales a...
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