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Firms should use their resources to keep the RDR out

It was revealed last week that Bankhall has launched a service for IFAs looking to leave the industry that will match up firms wanting to sell their business with those that are looking to buy (Mortgage Strategy Online).

But wouldn’t it be more helpful for organisations such as Bankhall to put their resources into fighting the Retail Distribution Review which is about to destroy our industry and lead to many honest and experienced IFAs leaving?

In my opinion the RDR is a step too far, especially after everything else we have had to endure over the years. It will do nothing to help consumers as most will not be willing to pay fees, and even if they are charged, try getting them to pay.

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