The number of advisers planning to exit the market completely as a result of the RDR and fresh capital adequacy requirements is rapidly decreasing, a survey suggests.
A survey of members by the Chartered Insurance Institute (CII) and Personal Finance Society (PFS) found only 12% of respondents said they will press ahead with plans to hang up their boots for good in 2012. The CII study contradicts numerous reports over the last 12 months, some of which predicted adviser numbers would dwindle by as much as half as a direct result of the introduction of the RDR. Elsewhere, the report suggests more advisers anticipate achieving further qualifications in the next three years, again challenging forecasts. "It is great news an increasing majority (73%) of...
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