RDR: Protection adviser labels will confuse consumers

Today's FSA consultation paper proposes bringing a read-across of investment adviser labelling into the protection market to create "consistent labelling across all distribution channels". However, for protection the labels will relate to the range of advice offered rather than being based on whether an adviser is 'whole of market'.  A 'restricted adviser' on the protection side would be limited in terms of the types of products offered, so for example if they just advised on critical illness rather than the whole spectrum of protection. Meanwhile, on the investment side, an advise...