One in ten advisers are now restricted compared with one in 30 in fourth-quarter 2012, and this will increase to one in six by the end of the year, research predicts.
The Financial Services Authority's (FSA) regulations around independent and restricted advice mean that most independent advisers are actually operating as 'restricted advisers', according to one IFA practice owner.
The post-RDR world and our approach
Will the intermediary marketplace be unrecognisable in 12 months? Watch our expert panel debate.
Industry veteran Phil Billingham has criticised restricted firms for peddling independence "myths".
Fiona Murphy speaks to the IFA Centre's managing director Gill Cardy about the benefits of independent advice.
A Devon-based chartered IFA has launched a software tool that ensures advisory firms are able to satisfy and demonstrate that they satisfy the requirements of independence.
Gillian Cardy goes through the top questions advisers have about independence versus restricted debate.
Advisers must not lose sight of their clients' needs in the run-up to the Retail Distribution Review (RDR), AXA Wealth has said.