ifas fear change but holding on to clients

The vast majority of IFAs have not lost a single client since the implementation of RDR though one in four sees the regulatory regime as a threat to their business, according to Positive Solutions.

ifas fear change but holding on to clients


In a survey of 212 of its partners, an overwhelming 78% said that they had not lost any business since 1 January. 30 IFAs (14% of those questioned) had lost up to 10% of their clients.

However, the survey also indicated that the RDR has unsettled IFAs – 27% said that the RDR posed, or is posing, a threat to their advice business.

“Our survey tells us two things – first that our efforts in supporting our IFA Partners in the post-RDR environment are bearing fruit and, second, that we can’t rest on our laurel,” said Ian Clisby, head of development & service of Positive Solutions.

“These results confirm that we are right to be prioritising partner guidance and business development support.”

As a national IFA, Positive Solutions advisers look after the financial interests of over 650,000 clients.  



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