Group pension intermediaries fear RDR hit

Intermediaries on lower earnings of £40,000 to £99,000 per year from group pensions business feel they are most exposed to the effects of the RDR. Around a third of these advisers say they will earn less post-2012. Employee benefit consultants in the corporate pensions market expect to adapt better to the RDR changes, with only 11% anticipating business streams slowing in future. "Our research over the past two years clearly shows intermediaries developing a more considered view of RDR and the way in which it will affect them," says Pete Johnson, research director of the financial ser...