Shift to fees now tops exams as advisers' chief RDR worry

Four in ten advisers now cite a move to fees as the biggest challenge posed by the Review, against a figure of 27% recorded this time last year, according to Aviva's latest RDR Barometer. Meanwhile, gaining the QCF Level 4 qualification required by the RDR is now the chief concern for just 24% of advisers, compared to 33% a year ago. Elsewhere, 22% feel switching business models from up-front commissions to recurring income is the biggest challenge, up from 20% last year. From 1 January 2013, adviser firms will no longer be able to receive commissions set by product providers in re...