Fewer IFAs eyeing restricted space

Of 500 IFAs surveyed by Defaqto, 9% said they are considering relinquishing their independent status when the RDR comes into force. Although Defaqto predicts this number could rise throughout the year, it remains significantly below other, recent etimates. A survey of more than 200 members of IFA support services group threesixty, carried out earlier this year, found 48% would give consideration to losing their independent tag in order to continue providing their current range of services. Matt Ward, Defaqto's wealth management consultant, says: "The initial negativity around the ...