Are we any clearer on independence?

However, now we have had time to plough through the Platforms Consultation Paper and the latest Mortgage Market Review document I am not so sure. The regulator plans to extend the ‘restricted’ and ‘independent’ labels to mortgage intermediaries to create some kind of level playing field. All advisers who want to have the independent tag will have to take a whole of market view but it is in the area of charging where the real difference lies. After months of a witch-hunt against commisssion payments set by product providers, it seems ‘independent’ mortgage advisers will operate under d...