RDR awareness 'remains low' among workers

Its latest research has revealed only 21% of employees know they will be charged directly to receive financial advice from an IFA after the legislation change is implemented on 31 December. Awareness of the change from commission to fee was found to be lower among women, with 19% in the picture, compared to 25% of men. Nearly half (49%) of employees who were told as part of the study what the RDR would mean for them said they expect fewer people will visit a financial adviser from 2013. Respondents aged 41 to 60 were mainly of the view people would only pay for advice if the value ...