62% of employers are unaware of RDR

Only 38% of employers are aware of the retail distribution review (RDR), coming at the end of 2012, which will change the way financial advisers are paid.

The Close Brothers’ Employee benefits solution research found that 78% of respondents said their organisation’s financial adviser will be affected by the changes, while 15% will not. Only 6% do not know whether their financial adviser will be affected or not.

Of these 78%, 40% are aware of the changes that need to be made, while 38% have not looked at what they will need to do.

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