Remuneration nothing to do with independence - IFAs

The Skandia adviser survey found 93% of respondents believe remuneration was not the most significant factor in determining whether an adviser could call themselves independent. Instead, 61% feel the range of products advised on is vital to clarifying independence, while only 7% believe remuneration was the most important factor. Skandia says the term independent should be restricted to advisers working on a whole of market basis. “Linking the term independent solely to how an adviser is remunerated is not appropriate,” it says. “The key factor is that there is clarity around the ad...