Most IFAs actually operate as 'restricted' - Nick Lincoln

Owner of Radlett-based Values to Vision Financial Planning, Nick Lincoln, said that most independent advisers would say ‘off the record' that they operate in a restricted way because they use a limited number of trusted products that work. Lincoln argued that this is not detrimental to consumers because products are commoditised and as such there is very little difference between most of them. "An adviser's job is to understand what clients want out of life - they want a financial plan. The product choice is the least important element of advice. "However, the FSA puts the product ...