Financial advisers more optimistic about RDR, finds Thesis

A survey by Thesis Asset Management has found 85 per cent of financial advisers feel more optimistic about the RDR than 12 months ago.

Just 6 per cent of advisers felt more pessimistic than a year ago, while 8.5 per cent saw no change in their opinion of RDR.

Thesis director of marketing and business development Lawrence Cook says: “Possible reasons for an 85 per cent change in financial advisers’ feelings towards RDR is that financial advisers will be able to build better relationships with clients.

“Clients will be able have greater confidence in the advice they are being offered, as well as have greater transparency as to what they are getting for their money.”

He adds: “While there are challenges to overcome in order to be ‘RDR ready’ on the 1 January 2013, we are confident that this is a good change, not only for clients but also the future relationship between advisers and clients.

“The increase in professional standards of financial advisers will undoubtedly improve clarity and confidence for people who are looking to invest.

“This new research shows far more financial advisers understand the positive effect it will have on the way we do business.”

The survey consisted of the views of 56 advisers during October.