Many advisers are determined to cling to the independent tag come what may, but it could be a costly decision, writes Rebecca Murphy, director at North Investment Partners
Frequently rather more heat than light emerges in discussions on the subject of independent and restricted advice. Some suggest the distinction will have completely disappeared within the next five years, others remain adamant that having nailed their colours to the mast of independence, it is a principle they will not relinquish. Certainly, with the advent of the Retail Distribution Review (RDR) the dividing line has become increasingly blurred. From a pragmatic standpoint, the questions to be considered are straightforward. How does the adviser’s choice to opt for independent or res...
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