Advisers are now less concerned about having to sell unsuitable products to remain independent and more concerned about the research and administration required to retain this status, according to a poll of IFAs conducted today.
During an interactive webinar hosted this morning by business consultant Phil Billingham, advisers revealed what concerned them most about retaining their independent status. Some 65 advisers tuned in to the webinar, Independence Vs Restricted: Implementing the right model for us and our clients. Of those, 89% said they wanted to remain independent. When asked what concerned them most about doing so, 65% said: "the amount of research and administration involved". Some 20% said they were most concerned about possible PI costs, 7% were concerned that they would be forced to sell unsu...
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