RDR will reduce IFA numbers, according to conference delegates
The number of independent financial advisers (IFAs) in the UK will shrink as a direct result of the implementation of the Retail Distribution Review (RDR), according to senior insurance executives attending a debate hosted by Watson Wyatt.
Some 30 per cent of the audience said IFA numbers will fall by more than 25 per cent over the next five years, including 7 per cent who believe their numbers will be cut by over half. Nearly half (47
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