Lincoln calls for single adviser role

The firm says the potential introduction of four adviser posts suggested in the Retail Distribution Review (RDR) and the Thoresen Review would be confusing for consumers. In addition, Lincoln says the proposed Customer Agreed Remuneration (CAR) model must be “completely transparent” to ensure consumers know what they are paying for. Ian Noble, head of life sales and development at Lincoln, says the advice outlined in the RDR, which comprises Professional Financial Planners (PFPs) and General Financial Advisers (GFAs), will be confusing to consumers who “are likely to see GFAs as lesser ad...