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Firms need to offer support

In response to the article, RDR will end conflicts of interest (Money Marketing, September 24), while there is a clear case for the RDR in terms of gaining increased consumer understanding and trust, our recent survey revealed that a huge number of IFAs have strong concerns.

Ninety-one per cent of respondents said they felt the requirement of QCF level 4 would prompt IFAs to leave the industry. This could lead to a clear skills’ gap of sufficiently qualified IFAs in the marketplace.

We are keen to see what stand employers will take on how they look to implement training and support advisers in gaining further qualifications.

Employers must do what they can to avoid a situation where IFAs are leaving the industry through fears of meeting new benchmarks.

Cathy Crammer

National accounts manager, Hays Financial Services

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