The Financial Services Authority's (FSA) decision to make advisers that don't consider active investments restricted was a "hallelujah" moment for one Belfast-based adviser.
Steve Laird owner of Belfast-based Carrington Wealth Management argued that considering a full range of passive and active investments is essential for advisers looking to offering a full independent service.
"I'm glad the FSA has acknowledged this," he said, "hallelujah".
He continued: "For example, the recent discussion about Neil Woodford not being worth the money is crazy, [some press reports have argued that his size limits his ability to enter and exit positions].
You might pay 150bps for an actively managed fund like this but chances are over the medium to long term it will outperform a tracker fund.
Our philosophy is that if managed funds produce alpha results then we should pay for them.
Advisers should make their clients, where appropriate, aware of Woodford's and other high performing funds.
"I feel that not considering the full range of funds, passive and active, is passing the buck. It is part of my job to research portfolios and funds and determine which are likely to outperform."
Despite Laird welcoming the FSA's decision on passive advisers, he explained that other elements of the Retail Distribution Review (RDR) was taking some getting used to.
"Providers seem to be struggling. Some are saying that every time a client tops up investments they need to complete a new adviser charging form.
"One has changed its mind on this, and only requires an initial form now. So perhaps common sense is prevailing.
"Another offshore provider has asked to re-verify all my clients along with all their details such as names and addresses, despite having accepted their business before the implementation of the RDR.
"This is proving difficult for female Spanish clients because utility bills are created under the male's name and so it is difficult for them to prove they live at their address.
"Helen Smith, is probably the same as Helen Gene Smith if the two are registered at the same address but the providers are not using any common sense and questioning disparities like this.
"These providers are making the process of advice more difficult than it needs to be.
"Sometimes I wonder if the department in charge of these things ought to be called business obstruction rather than business development," he added.
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