Advisers rethink post-RDR independent plans

clock

The number of financial advisory businesses intending to trade on a purely independent basis in 2013 is falling, according to a poll comparing sentiment now with a year ago.

Skandia's survey of almost 1,000 firms found 63% intend to meet the FSA's new requirements for independence from 1 January next year. This compares to the 84% recorded this time last year, although that result was based on more than 1,700 responses. The number of advisers who intend to provide a restricted only model almost doubled, although still represents 5% of the market.      Q1 2011  Q1 2012  % Change Independent only   83.5%  63.2% -24% Mixed 7.9%  13.6% 72% Restricted only    2.8%   5.2% 86%  

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

Consumer Duty two years on: Challenges remain for advisers

Consumer Duty two years on: Challenges remain for advisers

‘Biggest challenge for advisers at the moment'

Sahar Nazir
clock 31 July 2025 • 4 min read
FCA and FOS reveal reforms as part of redress 'modernisation'

FCA and FOS reveal reforms as part of redress 'modernisation'

Follows joint call for input and government proposals

Isabel Baxter
clock 15 July 2025 • 3 min read
Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Kevin Bailey and James Sullivan also unpack what value looks like

Professional Adviser
clock 04 July 2025 • 1 min read