Study quashes adviser exit theory

According to CoreData Research which quizzed over 1,200 financial advisers recently, just 9% plan to leave the industry within the next five years - down from 14% last year. The findings would appear to downplay the theory RDR will lead to a mass exodus of advisers. Furthermore, the three quarters (73.8%) of advisers said they will continue to offer full independent advice after RDR implementation, despite expectations large swathes of advisers will adopt a restricted advice model. The study found just 14% plan on taking the restricted advice route with only 1.4% saying they will g...