28th October 2011 by  John Corr
The implementation of RDR will destroy the business models of UK insurance manufacturers and devastate the UK IFA sector leading to UK consumers losing access to affordable independent financial advice and new business volumes to decline by 25-30%.
The death of IFAs serving the UK mass market
Our analysis indicates that the numbers of IFAs serving the UK mass market will decline substantially during 2013 and 2014. Mass market consumers will be unwilling or unable to afford the true cost of professional advice.
The growth of ‘self-service’ tools and distribution channels
We envisage that the RDR implementation will catalyse the development, provision and use of the provision of ‘self-service’ tools (through a mixture of Internet, Social Media and Mobile technologies) to enable UK mass consumers to meet more of their financial needs for investment and protection products on an ‘execution only’ basis.