The New Model Business Academy recently asked its members if they believed clients worry about whether an adviser is independent or restricted. Here Tom Hegarty considers the implications of the knife-edge result
"To be able to provide independent advice, firms would need to make recommendations based on comprehensive and fair analysis of the relevant market, and to provide unbiased, unrestricted advice." Financial Services Authority The debate between independent and restricted advice models is one that has gone on for many years. Independent financial advisers (IFAs) have advice propositions covering most or all of the advice market, so products and services offered are researched from a wide range of, or all, providers before a suitable client solution is found. All areas of advice mu...
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