I have given the same presentation to another twelve IFAs, as well as breakfast lunch and dinner with others, and after a day of the same yesterday. However, all in all a most interesting and worthwhile exercise.
It has really helped me to understand first hand the issues that IFAs are grappling with - the upheaval of RDR, investments solutions, exams. The consensus seems to be that in two years time there will be 20% less IFAs, driven out by being forced to requalify, by far higher capital adequacy requirements and by the upheaval of creating new business models. For others, they are seeing the opportunities that this all presents. The industry is in many respects undergoing a "sea" change, in the name of better regulation. At 6.30pm, as I write, the ship is moving further away from the ...
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