The poll which was conducted on around 1000 advisers had collected date from advisors at the start of 2012 and compared it against a poll conducted in the first quarter of 2011, to identify any changes in sentiment towards particular advice models.
The comparison bought out that the restricted model and the mixed model showed significant increases in popularity of 68% and 73% respectively, whereas the popularity of the independent advice model reduced by 24%.
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In the survey, 63% of the respondents said that they intended to remain IFAs after 2012, compared to 83% last year and around 14% and 6% said they would adopt either a mixed or purely restricted model, denoting independence to remain the dominant model for advice post-RDR.
Data from the start of 2012 showed 17% of advisers as remaining undecided about what advice model to choose.
Nick Dixon, marketing director of Skandia, remarked, "Now that there is more clarity around the independent and restricted advice models, we will be working with advisers to help them build a framework that best suits their clients and their business model."
"Restricted advice on a chartered financial planner basis is likely to become an attractive customer proposition for many advisers," he further added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
