Touchstone: Just 15% of IFAs are ready for RDR

However, the research from the MyTouchstone RDR survey does show that this 15.3% is up from 9.7% in the first quarter of this year.  A second finding of the research, which interviewed more than 1,000 advisers, was that commission is still a key income generator. In Q1 the analysis showed that for 79.3% of IFAs, over a quarter of their income is still generated by commission. This has only reduced slightly in Q2 to 74.4%. Director and general manager, Touchstone Financial Analytics, Neil Cunningham said there are likely to be a number of factors explaining why IFAs are not yet ready. ...