L&G preparing for RDR hit on advisory sales

Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for Retail Distribution Review (RDR) implementation.

In its Q1 interim management statement today, the provider suggested it was in position to benefit from RDR through its partnerships with building societies, claiming it already has relationships with...

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