IFAs expect DIY investing to rocket post the Retail Distribution Review (RDR), but the number that think this will cause problems for their clients has fallen year on year, according to research.
Figures from Legal & General Investments found 95% of IFAs say their clients are trying their hand at DIY investing, up slightly on 93% last year. The What Matters Investment Index indicates more than half of advisers (53%) attribute the rise to the introduction of the RDR. Of those IFAs who expect an increase in DIY investing, 61% believe more providers will launch D2C products, while almost one in five (17%) believe consumers are likely to become more investment savvy. In addition, fewer IFAs feel that an increase in DIY investors would lead to consumers ending up with unsuitable...
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