The rate of UK adviser departures from the industry will slow as the market moves beyond the December-2012 Retail Distribution Review deadline, new research has found.

Only 9.6% of Britain’s current collective of financial advisers now expect to leave the industry within five years (end of 2016), compared to 13.9% in 2011 (for the five years to the end of 2015), according to a new CoreData Research UK report.

This equates to 1,920 advisers expecting to depart compared to 2,780 in 2011 – if one assumes the number of active UK financial advisers to be 20,000.

Post RDR, almost three quarters (74%) of advisers expect to offer full independent advice, while one in six claims they will specialise in offering restricted independent advice.

The FSA ‘estimates’ there are 35,000 registered individuals, but we believe once non-participants and those working in a limited (time) capacity are accounted for, the full-time ‘active’ numbers are approximately 20,000.

In 2012 it seems adviser certainty is on the rise with a sharp drop in the proportion of advisers who are unsure where they’ll be in five years.

In 2011 a quarter of advisers had no idea whether they’d still be working as advisers within five years, yet this figure has now dropped to 17.6%.

The numbers of advisers who are expecting to leave the industry altogether by the end of the year remains constant in 2012, with 2.9% of the market expecting to cease advising by the end of the calendar year – exactly the same proportion as 2011.

This equates to 580 more advisers expecting to leave by the end of 2012 and was also the case in 2011 with up to 580 having already left by the end of 2011. (Note: the research doesn’t assess the number of new advisers into the industry).

With the impending obligations of the Retail Distribution Review (RDR) almost upon us, after many years in the pipeline, never before have UK financial adviser attitudes been of so much interest.

The future of financial advice, from the regulator’s perspective, is very much orientated towards an attempt to make it a much more transparent system. However for the advisers and their businesses, the future is about ensuring current and future business propositions remain valid and most importantly – viable.

Of course many advisers are well positioned for the transition with the regulatory change favouring their existing models of operating; however, for others, the challenge will be more testing and requiring of change.

Without wanting to state the obvious, it is hoped the new regulatory framework will provide a saving and investing environment more conducive to the interests of retail investors.

Recent CoreData research, from a retail client perspective, outlined some inherent challenges though relating to the cost of advice and what some people are prepared to pay for advice once the notion (in some areas) of manufacturer subsidisation ends.

So for advisers, it’s important to understand what the terrain will look like for them? And more importantly, what do they think it will look like.

This research looks to gauge the perceived implications of this increased transparency to advisers.

Some 1,260 participants advisory professional were questioned on their business challenges, strengths and expectations amongst other such questions with regard to the RDR impacted landscape.

The biggest concern for most advisers at present is servicing clients – both as an aggregate of all three ranks and also as the prime concern.

A fifth (21%) rank this issue first as an immediate business issue affecting them.

This is nearly triple the proportion of advisers compared to last year (7.2%) who are worried about their ability to adequately cater to their clientele, and possibly reflects the falling down the stairs end to 2011 for markets.

Efficiency and profitability are the second most concerning business issue facing advisers overall as an aggregate of all three ranks. hairy girl займ наличнымивеб займ личный кабинетонлайн займ на киви без отказа