Carby, Bamford and Davis debate 'restricted' advice

With less than two years left on the RDR stopwatch, advisers should be well on the way to finalising their service propositions. But for those still in the planning stages, deciding on whether to be restricted or independent is one of the biggest decisions to make. As of 1 January 2013, a firm can only be classed as ‘independent’ if it provides advice which is “unbiased and unrestricted, and based on a comprehensive and fair analysis of the relevant market”. For other firms there is ‘restricted’ status. This includes advisers recommending products from a single provider and those o...