RDR qualification rules not biggest IFA gripe

Scott Sinclair
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The FSA's fondness for change will be the most likely cause of an IFA exodus over the next three years, research suggests.

According to a survey of 542 adviser members of support services provider Bankhall, 39% say ‘regulatory change and approach' is most likely to hasten their exits. Advisers attending Bankhall conferences throughout June were asked: ‘What one thing could stop you being an adviser in 2013?' Only 28% cited proposals in the RDR to raise the minimum qualification level for advisers, while 16% said the economy and 17% said they were intent on retiring anyway. "Advisers want the FSA to establish a way of working and then stick to it," Bankhall managing director of IFA Services David Golder...

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