New estimates put RDR adviser exodus at 3,000

clock

The RDR could drive up to 3,000 advisers out of the industry over the next five years, according to the latest estimates.

London-based CoreData Research UK based its findings on interviews with almost 1,800 practicing advisers, using that sample as indicative of the wider market. According to the study, 15% of advisers expect to leave the industry between 2013 and 2015, equating to a total of about 3,000. A further 17% were uncertain about their plans. A drop of 15% is in line with FSA estimates, but the regulator stresses a large chunk of this will be advisers who were planning to leave the industry anyway. CoreData principal Craig Phillips says a growing consensus consumers will be unwilling or unab...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read