The vast majority of independent advisers see the RDR as a 'great commercial opportunity', although more onerous CPD and record-keeping requirements remain a concern, research suggests.
A survey conducted by discretionary fund manager Parmenion found 70% of its adviser members believe the Review will boost business. Richard Mein, managing partner at Parmenion, says: "The majority of our clients are no longer concerned by the changes being brought in, but in fact view the RDR as a significant opportunity. "We believe that advisers need to start adapting their business models. For those who embrace the RDR, we believe there to be significant commercial upside." However, the Parmenion report also suggested a number of advisers have concerns about the impact the RDR ...
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