Advisers unconvinced by RDR

Published on

31% of paaleadscom’s panel of financial advisers believe that the proposed retail distribution review (RDR) changes will benefit no-one.

In the survey of paaleads.com members, 34% believed that regulators and the financial authorities will be the main beneficiaries of the RDR. Only 13% believed consumers will derive the most benefit while just 3% said they thought advisers would come off best.

When asked how prepared they were for the RDR, 62% expected to make the changes in the next year. 18% planned to implement the necessary changes at the last minute with only 11% saying they were already RDR compliant.

3% of advisers thought that the RDR-led changes will make the business unsustainable and force them to exit the market.

Dean Jones, head of paaleads.com said: “Advisers are clearly confused about the benefits that the RDR will bring

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Other news

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...