Firms are "cautiously optimistic" about the future, according to the Institute of Financial Planning (IFP), though some are still struggling to implement changes to their back office systems post-Retail Distribution Review (RDR).
Nick Cann, chief executive of the IFP, said firms are seeing an uptake in client business due to the publicity around the RDR and because of this year's rally in the FTSE 100, which is up 6.85% since the start of January. "Stock markets are going up so clients are asking for information about investing which is benefiting advisers," said Cann. He also said advisers he has spoken to have witnessed an increase in referrals from existing clients which is helping to boost business. However firms were struggling to deal with the administrative burden associated with changing their back ...
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