The impact of the Retail Distribution Review (RDR) will not be felt by many consumers until the middle of next year when they make their half yearly visit to their adviser, potentially building up a bottleneck of discussions about fees, Prudential has predicted.
Six months into the new regime is expected by many industry analysts to be a key deciding point for the advice sector as clients decide if they want to pay fees and advisers begin to see the impact of the changes on their businesses' bottom lines. However, for some advisers the middle of 2013 could be the first time they interact with clients in the post-RDR world, creating the potential for a large scale drop off of clients after that point. "Many advisers are speaking to their clients already but some consumers will only feel the impact when they next see their adviser, which might ...
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