Intrinsic has audited the independent advisers of its network and subsidiary Positive Solutions and asked those it deemed non-compliant to rectify the shortfalls or become restricted.
The network audited all of its IFAs, alongside those of national IFA Positive Solutions, which it bought in 2013. It found some of the advisers did not meet regulatory independence requirements, which dictate advisers must provide unbiased and unrestricted advice based on a comprehensive and fair analysis of the market and be able to consider all retail investment products. It gave those it deemed non-compliant time to make changes over the summer, before it reviews the firms on a case-by-case basis and decides whether to allow them to continue as IFAs. Those who do not make approp...
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