Aviva: Most advice firms will still be trading post-RDR

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More than three quarters of advisers are confident they will still be trading come 1 January 2013, the day the RDR is introduced, according to Aviva research.

Despite fears of an exodus from the profession due to the RDR's remuneration and qualification requirements, Aviva says its study shows the majority of advisers are preparing well. According to its latest intermediary survey, 76% of respondents will still be in business in January 2013. The proportion of advisers who say they will leave the industry due to the RDR has fallen from 21% two years ago to just 10%. This follows similar figures published last week by the Personal Finance Society (PFS), which suggested one in ten members planned to exit the sector. Meanwhile, Aviva say...

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