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Broker talkback

Are you considering selling your business to avoid the impact of the RDR?

No 100%

No “We are not quite sure which way we are going yet but we will not be selling up although I think there will be plenty of people who will.”
Michael Brill, Baronworth Investment Services

No “We are in it for the long run but all these changes are making this job so much harder.”
Paul Crawley, Foremost Financial Management

No “Not at the moment. It is going to have a very big impact. It is going to be very difficult.”
Pravin Shah, Shah Insurance Services

No “I am going for chartered status. I do not feel threatened by the RDR. Any adviser worth their salt should not be threatened by it. They should get on with it or get out. It is a good thing as it will clean up the industry.”
Trevor Allum, Roc Consultant

No “I would only consider it if capital adequacy requirements were lifted significantly and I do not see that happening.”
Rob Simpson, Simpson Financial Planning

No “Absolutely not. If a business is good enough, it will survive and not be deflected by regulatory change.”
David Crawford, sole trader

No “I have been in this business for 20 years and have had to adapt to regulation changes several times. A few advisers close to retirement might sell up now though.”
Don Lakeman, DS Financial Services

No “I am not afraid of the RDR as we are progressing nicely as a professional practice. The outcomes of the RDR are going to be good for the industry.”
Mike Shaw, Hedley Asset Management

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