Graph showing how has the RDR impacted your business?
Given that 2013 has seen perhaps the biggest regulatory change to retail financial advice for a generation, in its 2013 members' survey, the IFP took the opportunity to gauge what impact the RDR has had to date on members and their firms.
The 'prophets of doom' from certain parts of industry have been proved wrong as the recent figures from the FCA have shown, and professional businesses are moving from strength to strength. As the graph shows, when it came to key areas of change such as charging fees, maintaining independence and so on, the overwhelming response from members has been one of "no change".
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Steve Gazzard CFPCM, interim chief executive of the IFP, said: "While the results were as we expected, these are still early days for us.
"Keeping ahead of the crowd by creating a business with a strong client value proposition and where staff have the necessary knowledge, skills and competence is essential for firms to thrive longer term."
