BlackRock: IFAs 'dread phone ringing' post-RDR

Speaking today at the SWIFT Conference on the challenges for the fund management industry, head of regional sales Dorian Hughes said the adviser space had become increasingly wary post-RDR. "Yesterday I played badminton with a couple of clients - small IFAs - and I asked them how it was going," he said. "Both of them said: ‘We dread the phone ringing in case it is a client, because the world has changed so much in the way we have to conduct ourselves, that we are almost frightened to do business.'" But he added there was also another segment of the advisory market that is "sorted"....