IFA questions conflicts of interest in adviser shareholdings

The Informed Choice IFA said an investment might motivate adviser-shareholders to promote products on the Nucleus platform to clients, as placing more business on the platform equaled greater profitability and a better chance of a dividend being paid out. He said: "It doesn't sit comfortably with me as an IFA. I think as soon as you have that conflict of interest you have to seriously question that word ‘independent' because any recommendation you make is tainted by your association and your vested interest in its profitability." Bamford said restricted advisers could be allowed to in...