Restricted label will bring clarity - SJP

Chief executive David Bellamy says the proposals to divide advice streams into ‘restricted' and ‘independent' will bring much-needed clarity to consumers. Publishing its 2009 results today, SJP said it is 'embracing' the RDR, and plans to invest £2m this year to help its partnership achieve higher qualifications standards. It also says the new ‘restricted advice' label, which it is likely to fall under, will be more useful than the current ‘tied advice' distribution type. Bellamy says: "We like the restricted label as it leaves us free to describe the kind of service we provide, so...