APFA: Advisers' hourly rates unchanged since RDR

APFA director general Chris Hannant (pictured) said it was a testament to the industry that the vast majority of advisers had left their hourly rate unchanged since January. The research, carried out by NMG Consulting among 225 financial advisers in the first weeks of June, showed that 82% of advisers have left their hourly rates unchanged since RDR while just 12% increased their rate and 2% lowered it. The remaining 4% did not know whether their rates had changed. Hannant said: "Despite adviser numbers falling and firms initiating new RDR ready business models, the majority of advise...