Advisers clash with bosses on independence

While 88% of advisers wish to remain independent, three quarters of the major nationals and networks expect most of their members to become restricted advisers. From 1 January next year, any advice which is not independent will need to be labelled as restricted advice, such as advice on a limited range of products or providers. "What is emerging is a dual track for the destiny of financial advisers," Clive Waller, head of report author CWC Research, said. "Advisers' plans for the future are clearly not compatible with what their bosses have in mind. "The momentum for bosses is s...