Third of firms will be mostly fee-based post-RDR

Teamspirit, which commissioned the research, says the findings suggest IFAs will diversify their businesses in the run up to the RDR. A third of firms surveyed say they expect to be doing more than 50% of their business on a pure fee basis after the RDR is fully introduced at the end of 2012. Teamspirit says the remaining 67% will want to diversify their businesses, moving away from simply offering investment advice, in order to expand their revenue streams. Advisers are also planning to undertake more business generation initiatives this year, with 70% saying they are focused on f...