The regulator has "completely messed up the definition of independence", said professional connections support organisation SIFA, as it claimed 95% of solicitors would still chose IFAs over restricted advisers.
SIFA director Dave Seager argued solicitors and clients do not understand what the regulator means by the term ‘restricted' and firms such as whole of market specialists - who are restricted by definition...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress