A quarter of advisory businesses have not yet reviewed their client propositions with the retail distribution review (RDR) in mind, research suggests.
Of 465 firms questioned by service provider Aim Two Three, 23% said they have not revisited their client offering to ensure it will be RDR-friendly, and profitable, from 1 January next year, when RDR is rolled out. The remainder said they had completed an audit of their proposition. David Ingram, founder of Aim Two Three, said that, although some of the firms may only need to make small changes, there was still cause for concern. "To find such a high proportion of these firms not yet ready for RDR, this close to the introduction of the new rules, is worrying and tends to confirm ou...
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