PFS: Advisers coming round to RDR

The PFS had 28,200 members by the end of 2010 and 85% of them said they intend to carry on as independent advisers, with the remainder heading towards restricted status. The figures are in stark contrast to previous estimates suggesting up to a third of advisers could leave the industry. Meanwhile, progress is being made in the area of qualifications, with 42% of financial planners now holding a diploma and half the remainder having acquired one or more diploma units already. Overall, there was a 65% increase in the number of individuals sitting a Diploma or Advanced Diploma exam o...