Blog: Peter Mann on restricted advice

In my view, the word ‘restricted' is a particularly poor way to convey the reality of the type of advice proposition it is trying to describe. The term itself has negative connotations. It can be taken to imply that a restricted adviser will only be able to recommend products from one provider or one fund group. The fact is however, that a financial adviser will be able to recommend all investments apart from the most obscure hedge funds and still technically be classed as ‘restricted'. Given this lack of clarity around the definition, it is not surprising that so many financial advis...