Advisers 'largely hostile' toward RDR, says Fidelity

An adviser survey has revealed the IFA response to the Retail Distribution Review is overwhelmingly ...

An adviser survey has revealed the IFA response to the Retail Distribution Review is overwhelmingly negative, says Fidelity. Fidelity surveyed 500 firms between 2 July and 6 July, following the FSA's release of the RDR on 27 June. More than 90% of the 589 survey participants believe the proposals would not result in better advice for the consumer, according to Fidelity. Peter Hicks, head of IFA channel, said the adviser response was largely hostile, with three main concerns. About 95% of respondents said only advisers who looked at the entire market should be entitled call themselves ...