FSA: 8% of independent advisers likely to go restricted

The data was gathered in the third-quarter of this year and comes from online and phone interviews conducted with 1,436 advisers.  Although 8% of independent advisers are likely to switch to restricted, 58% have said they will not, leaving 36% undecided. Just 1% of restricted advisers say they will switch to offer independent advice. In addition, 76% of advisers hold the necessary qualifications to be RDR ready by 31 December 2012. In terms of dealing with the low-net wealth section of the market, 38% of those advisers questioned said they would advice retail clients with less t...