73pc of IFAs intend to bolster their professional status in light of the RDR, according to a survey by financial data collection and research company Defaqto.
In its Retirement Savings & Income Report 2008, Defaqto asked 501 IFAs whether their practice was planning to enhance the professional qualifications of its advisers in the next 12 months. Matt Ward, group principal consultant - pensions and wealth management, commented: "The RDR is designed to take our industry forward and it is very encouraging to see IFAs reacting to the roadmap in a positive fashion with practices seeking to improve the professionalism of their advisers. "Consumers will want to feel comfortable that in approaching a financial adviser for planning assistance they ar...
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