Transparency troubles advisers ahead of RDR

A survey of more than 200 independent financial advisers by investment managers JM Finn found more than a fifth (21%) are unsure of their firms' compliance with the rules. From January 2013, firms will have to disclose to clients the nature of their advisory offering - independent or restricted - as well as all adviser-related charges for their services. Meanwhile, according to the research, the area where most advisers still felt they were unprepared was qualifications, with more than half (52%) of respondents still not ready. Mike Mount, director of intermediary sales at JM Finn,...