The (ongoing) great independence conundrum

INDEPENDENCE

clock •

Tracy Coghill, compliance officer at City Asset Management, on the business models still affected by a lack of clarity on independent and restricted advice.

You know an issue affecting our business is truly in the public eye when it hits the national press. The impact of the Retail Distribution Review (RDR), in particular the ‘independent versus restricted’ debate, has just achieved that level of publicity. Many of us have spent the latter half of 2012 in long and taxing conversations about the impact of the new regime. The view of professional bodies, such as the Law Society, Solicitors’ Regulation Authority and Institute of Chartered Accountants have also been of real significance. Notably, not all have been in complete consensus. The l...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why wellbeing is integral to financial planning

Why wellbeing is integral to financial planning

First Wealth founder and managing director Anthony Villis

Isabel Baxter
clock 25 September 2026 • 1 min read
Talking to each other is the best way to boost financial confidence

Talking to each other is the best way to boost financial confidence

'There's a permission problem'

Sophie Hall
clock 25 September 2026 • 3 min read
Feel Good Friday: Royal London partners with disabled racing driver on equality initiative

Feel Good Friday: Royal London partners with disabled racing driver on equality initiative

Working with Nicolas Hamilton, younger brother of F1 champion Lewis

Professional Adviser
clock 25 September 2026 • 1 min read