SimplyBiz's Davy slams restricted advice as 'road to nowhere'

His comments come as new research by the support services group polling over 500 principals of IFA firms found less than 4% are even considering the restricted advice route. This figure, the group says, will be reduced further when it is realised RDR qualifications and remuneration requirements are identical for both independent and restricted advisers. Only a tiny minority of IFAs are considering adopting the “road to nowhere” model of restricted advice, according to SimplyBiz. "The absolute reality is restricted advice is bad for the consumer and bad for professionalism," says ch...