Fears that IFAs will focus on the 'super-rich' post-RDR
As the regulatory environment gets tougher for UK retail banks, some industry figures warn of an exodus of IFAs from the retail market in order to target high-net-worth investors
The commission-free fee model that is due to be implemented in the UK following the Financial Services Authority's Retail Distribution Review (RDR) could leave the retail structured products market looking like the exclusive domain of the super-rich, market participants warn.
At least 15-20% of independent financial advisers (IFAs) will leave the pure retail market, according to some participants. "Most IFAs may decide to focus on the wealthier end of society - where fees are both more palatable
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