Consumer confidence strengthens post-RDR

A survey of 404 advisers carried out by Cofunds found that 57% said the RDR has already improved or will improve consumer confidence in financial services. A total of 16% said confidence has already started to improve with a further 4% anticipating that there will be an improvement before the end of the year. The research also revealed that 42% believe that RDR will have no impact on consumer confidence. When asked about client reactions to the move to fees, 30% of respondents said their clients have reacted positively to the transition, while 57% said clients had responded neutral...