Hargreaves Lansdown says the biggest question for the firm resulting from the RDR is whether to maintain its ‘independent' label.
In a note to investors, the advisory firm said it may even decide to offer both 'independent' and 'restricted' advice. In the RDR Consultation Paper released last Thursday, the FSA proposed the 'independent' tag would only apply to advisers providing whole of market advice. ‘Restricted' advisers will limit the range of products they advise on to either the products of one firm or those of a number of firms. Hargreaves Lansdown head of compliance Nigel Bence says the firm is keeping an open mind on options post-RDR. "Our decision will be driven by the rest of the market on whether t...
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