Kate Brookes, IFA at Jones Hill, said she is feeling positive about the future after failing to hit a much anticipated "brick wall" on 1 January.
The New Year brought the long-awaited final implementation of the Retail Distribution Review (RDR), and with it a ban on commission payments for new business written after 1 January, as well as a demand that advisers meet QCF Level 4 qualifications. Despite these demands, Brookes said business is good, and the changes haven't really made a difference to clients. "We didn't hit a brick wall on 1 January and I'm feeling really positive about the New Year. "We have a new client proposition where we offer different service levels, with some clients just wanting transactional services. ...
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