The vast majority of advisers intend to remain in the industry and offer independent advice after 2013, in a sign advisers have “accepted” RDR, research suggests.
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An “alarming” 80% of client assets are from the over-50s age group, according to research.
Three-quarters of UK financial advisers will continue to offer full independent advice after the Retail Distribution Review is implemented and more than 90 per cent of advisers plan to remain active in the industry over the next five years, new research reveals.
Only 5 percent of underwater homeowners are likely to qualify for mortgage principal reductions under the recent $25 billion foreclosure abuses settlement, an economist with the Brookings Institution has calculated.
