The majority of advisers are unclear how the Retail Distribution Review (RDR) will affect their business, according to a survey conducted by BlackRock.
In a study of 88 advisers, 57% said they were "unsure" of the impact that being either ‘restricted' or ‘independent' would have on their business. However, the survey, conducted by The Ideas Lab and NMG for BlackRock in July, revealed that the majority of those asked felt it would actually be "more important" to become a chartered or certified planner than an IFA in the next five years. With the implementation of the RDR only a few months away, 61% of advisers said they still did not feel prepared for January 1, according to the survey, with 87% admitting that they were yet to finalis...
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