Comment: 'Restricted' views fuelling advice confusion

As part of the RDR requirements, from 1 January 2013, all firms must describe their services as either independent or restricted.   However, misunderstanding of the definitions is fuelling confusion amongst the sector, which is equally not helped by emotional comment. The proposed new standard for independence includes widening the range of products by creating a newly-defined and wider category of ‘retail investment products'. This will mean firms that provide independent investment advice to retail clients will be expected to consider more than just packaged products for their...