One in six advisers would quit under current RDR

Research by Standard Life found almost a quarter of existing IFAs would either retire from the industry or move to a sales-based business model. The survey of 346 advisers also found just 27% of advisers currently meet the diploma standard of qualifications outlined in the RDR, though most could meet these requirements within a reasonable timeframe. Advisers surveyed were asked what they would do if all of the main RDR proposals were accepted by the FSA, including the requirement to hold a diploma equivalent, adopting a fees or consumer agreed remuneration (CAR) model, and becoming part o...