Third of advisers have not read RDR Feedback Statement

A similar picture emerges for the FSA's capital adequacy consultation paper, with only a quarter of advisers saying they have read the Prudential Rules for Personal Investment Firms document. The majority confess to skimming through both formal documents or being aware of them through press reports and newsletters. Their failure to read the documents in detail comes despite IFAs' acknowledgement of the huge impact the new requirements will have on their businesses. According to the research, nearly 50% of financial advisers believe the RDR and capital adequacy requirements will have a...