PFS: Advisers coming round to RDR

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Just 10% of Personal Finance Society (PFS) members intend to exit the advice market post-RDR, according to the organisation's latest research.

The PFS had 28,200 members by the end of 2010 and 85% of them said they intend to carry on as independent advisers, with the remainder heading towards restricted status. The figures are in stark contrast to previous estimates suggesting up to a third of advisers could leave the industry. Meanwhile, progress is being made in the area of qualifications, with 42% of financial planners now holding a diploma and half the remainder having acquired one or more diploma units already. Overall, there was a 65% increase in the number of individuals sitting a Diploma or Advanced Diploma exam o...

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