Avelo, a financial services technology provider, commissioned research that also showed 73% of IFAs intend to remain as whole of market IFAs following RDR.
The firm’s research also suggested that one in four IFAs felt efficiency through technology and the transition from commission to fees were the key issues as their businesses approached RDR.
Andy Watts, intermediary director at Avelo, said: “As a software solutions provider it is important for us to understand the needs of our customers and these events provide us with invaluable insight to the issues that they are facing and the areas of particular interest in the lead up to RDR. It is encouraging that our clients intend to remain as whole of market IFAs for the most part, and that technological efficiency is the highest priority issue facing advisers in the new regulatory environment.
“RDR implementation is fast approaching and is something that will impact all areas of our industry. We are working side by side with our clients to ensure that they have the technology to support and aid their smooth transition through this process.”
