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Advisers to remain despite RDR concerns

According to a recent survey of 355 financial advisers by life company Aviva, just 3.4% of advisers plan to leave the industry once the Retail Distribution Review has taken hold in January 2013. Back in January 2009 this figure was 37%, reflecting a huge drop in those financial advisers seeking an exit route.

Whilst such figures have been questioned in some quarters it does seem that the situation is stabilising, especially in the context of an FSA sanctioned survey in 2010 that stated 8% of advisers would leave. However given the size of the survey and the fact that overall adviser numbers have dropped in recent years, the true picture will no doubt have to wait for the RDR to take hold in 2013 before we know more.

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