Eight out of ten advisers will be restricted - research

A survey conducted by NMG in Q4, polling 352 advisers, suggested about 60% will switch to a restricted model - with the potential for this to increase to 80% in the long term. The findings come as more advisers are expected to opt for restricted advice structures post-RDR as they look to streamline their propositions and introduce cost savings. Last month, Axa Wealth announced it is to roll out a restricted advice pricing and service package in Q2. Sesame Bankhall is also launching a restricted advice model this year. But despite the expected swing towards the restricted arena, NMG...