Tenet has reported a ‘significant swing’ in the way advisers are looking towards RDR and beyond.

A Tenet survey of more than 1,000 of its clients has revealed that 12 months ago, 12% said they were planning to exit the industry. Now that figure has halved to 6%.

Tenet’s distribution & development director, Keith Richards, said there are two principal reasons for this measurable shift in opinion. He said: “The FSA’s DP10/2 paper