Dominic House looks at restricted advice through the lens of Consumer Duty and asks if the new regulation will increase pressure on the model
When we look for advice, we are likely to reach out to someone who understands the subject, someone who understands us and our goals, and probably someone who understands the risks of any potential options we have. What about independence? You would assume that when we look for advice, whether that's from a family member, a friend or a colleague, that they don't have a vested interest in a particular outcome. That may well affect the advice we receive. There are, of course, advantages and disadvantages to both depending on an individual's goals and needs but it does beg the question o...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes