RDR is not perfect but we're staying put - advisers

Only 9% of advisers have already begun the process of offloading their practices this year while only 4% say they will definitely sell their businesses by the end of 2009, according to the MetLife's UK IFA Annual Report. A number of critics of the RDR, which proposes splitting the advice arena in two and introducing higher minimum qualification requirements, have sounded the death knell for the advice sector with some forecasting a 40% drop in numbers over the next three years. Additionally, a quarter of advisers are confident about the next 12 months and are now only marginally overs...