IFAs outline preferences

Charging clients a percentage of assets held is the preferred route to post-RDR remuneration, rather than being paid a fixed fee or on an hourly-rate basis, according to the latest survey of IFAs.

IFAs outline preferences


Agency Opinium Research has been tracking attitudes to RDR for the past two years. Around three-quarters of those surveyed indicated they would charge by assets.

However, although the deadline for RDR is almost imminent, less than half of IFAs have informed their whole client base of the impending changes to their charging structure.

A third of respondents said they think the regulatory changes will increase confidence in IFAs, while around a quarter believe it will transform the market for the better.

Alexa Nightingale, head of financial services research at Opinium, was encouraged that many IFAs believe the new regulation will improve the market.

“Although many advisers may still be sceptical, it is also positive to see that others think the reform will only increase the value of their advice to investors,” she said.

“While there are still challenges for advisers to get themselves ready before the end of the year, some are clearly realising the opportunities and looking to make it work.”




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