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