Rob Thorpe, head of UK retail at Cazenove Capital Management, on changes to distribution post-RDR and whether IFAs will benefit.
There is some noise in the financial services industry surrounding the growth of the direct to consumer (or business to consumer) market in the UK resulting from the RDR. Some research suggests the B2C market will compete directly with the advice industry as clients increasingly turn to execution-only models as a result of platform developments, greater access to information and of course cost. Some are speculating on the potential demise of the adviser community, and its possible extinction in the long term. The expected decline in adviser numbers in future will be a result of a n...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
