Advisers urged to get creative to move RDR forward

Research from AEGON Scottish Equitable suggests eight in ten IFAs will join a ‘flight to quality’ and seek professional financial planner status under a new regime proposed in the RDR. However, as this could mean IFAs will be able to serve fewer clients, the firm says it is imperative the debate moves on to ensure a growing advice gap is closed. Steven Cameron, head of business regulation at AEGON, says: “Our research indicates it’s likely full advice will be available to fewer people in the new regime as IFAs move to the top of the advice spectrum and are able to serve fewer clients. ...