'Negative' MiFID II to boost restricted channel - advisers say

Advisers ‘uncertain’ of personal impact

Tom Ellis
clock • 2 min read

The majority of advisers believe the Markets in Financial Instruments Directive II (MiFID II) regulation will lead to an increase in restricted advice, according to a study of 612 financial advisers by CoreData Research.

Almost half (45%) of the advisers surveyed expected the incoming European regulation would negatively impact the advice sector, compared with one-sixth (17%) who said they thought it would be beneficial. The Financial Conduct Authority (FCA) has already laid out its plans to replace the Retail Distribution Review standard on 'independence' with a definition more in line with the MiFID II interpretation, and half (52%) of those polled expect to see advisers move from giving independent to restricted advice in a post-MiFID II world. The regulator has suggested the new MiFID II standard ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA pushes on with tokenisation remit

FCA pushes on with tokenisation remit

Set out plans to support initiative

Eve Maddock-Jones
clock 15 October 2025 • 2 min read
Updated: Failed financial advice firms tracker

Updated: Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 08 October 2025 • 1 min read
FCA commits to Consumer Duty changes to 'remove disproportionate burdens'

FCA commits to Consumer Duty changes to 'remove disproportionate burdens'

CEO Nikhil Rathi sets out four-point plan

Michael Nelson
clock 01 October 2025 • 3 min read