More than a quarter of advisers say their experiences in the period leading up to rule changes introduced following the Retail Distribution Review (RDR) were "the toughest of their lives", a new report suggests.
A survey conducted among almost 150 advisers by retirement solutions provider Dunstan Thomas questioned them on their experiences around RDR. A total of 27.4% of respondents said the months leading up to the RDR rule changes - which included a ban on commission on retail investment business and new minimim qualifications for all types of adviser - were the "toughest period of their professional life". A further 18% said the changes had forced them to switch business model in a way that had seen their income fall. But nearly as many advisers as these two groups combined - 39% - said...
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