Advisers unsure if single platform scuppers independence

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Advisers continue to be confused by the FSA's stance on single platform use, research suggests.

A poll of some 350 advisers by research company Defaqto appeared to lay bare the extent of confusion over single platform usage: while 33% thought using just one platform would jeopardise their independence, 59% said it would not. Nearly one in ten (9%) did not know whether using a single platform would threaten their independence. In its most recent statement on the subject, its February guidance on independent and restricted advice, the watchdog said it would be "very rare, if impossible at all" for an adviser to remain independent using one platform. It added advisers must be aw...

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