RDR could force 40% of IFAs to quit

TISA director, portfolio and retirement planning Malcolm Small outlines a post-RDR "brave new world" where the number of IFAS is dramatically reduced and platforms cater directly to the consumer. Small says the potent RDR cocktail of new stringent qualifications, capital adequacy requirements and the transition to fee-based charging will force out many advisers. "More and more of the current crop of advisers won't make the transition to a brave new world," predicts Small. "How many will leave? Perhaps 40% of the adviser market will go as a result of the RDR - there could be less or...