Most advisers will reduce service for poorer clients - study

The study, conducted by Allianz Global Investors, questioned 166 UK-based financial advisers on the impact of RDR on their lower net worth clients.  The research indicated that 60% of advisers would not be able to offer their clients worth less than £50,000 an unchanged service. These clients will either lose out or have to pay more for full-service financial advice when the RDR comes into effect on 1 January 2013. Despite this bleak picture, 13% of advisers questioned said they would continue to provide smaller clients with the current level of service, even if it became loss maki...