Over a quarter of advisers consider the RDR proposal to enforce a new qualification standard will be biggest issue facing the IFA industry over the next 12 months, research suggests.
A report from Opinium Research reveals the majority of IFAs are confident they will have adopted the new qualification standard and adviser charging by 2012, with over half of respondents certain they will have attained the qualification within the deadline. However, a minority of IFAs say they have no plans to adopt it the new standard. Although they did not provide any explanation it is likely these advisers plan to retire. Of those who plan to achieve the QCF level 4 standard and use a fee-based remuneration model, 69% are at least halfway towards adopting it completely, with 13% ...
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