Advisers are more confident now than they were two years ago the RDR will enhance their professional status and reputation, despite continued ill-feeling toward other proposals in the review, research suggests.
A survey of 100 advisers, carried out in August by Aegon UK, found 68% believe the RDR will boost their status in the eyes of consumers. Just over half answered in the same way in September 2007. Being seen as part of a ‘profession' and not an ‘industry' remains a pressing issue among financial advisers and Nick Cann, CEO of the Institute of Financial Planning (IFP), this week said the ‘profession' tag was achievable within a decade. "Throughout the [RDR] consultation process, one of the areas where there has been most cross-industry agreement is the importance of improving profession...
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