Tenet: advisers still unsure on independence rules

At a roadshow held by the group last month, an initial straw poll showed only 56% of advisers thought they would meet the demands of independent status, Keith Richards said. However, after fully explaining the rules governing independence and asking delegates to vote again, 90% said they would remain independent. This in part explains the popularity of exploring running a split proposition, which Richards called "an intuitive reaction", though unfeasible for smaller firms. "What most people can't articulate is what that means in terms of operation," he said. "Could they articula...