Restricted advice

The Solicitor Regulation Authority's (SRA) board has agreed to allow solicitors to make referrals to restricted advisers causing consternation within the industry.

Origen Financial Services is to launch a restricted advice proposition for the workplace market in the new year.

Gillian Cardy goes through the top questions advisers have about independence versus restricted debate.

Old Mutual is to launch a range of at-retirement products, in a bid to rival upscale wealth managers like St James's Place.

Peter Mann, the chief executive of Skandia UK, has said the firm will target restricted advisers as part of a plan to become an integrated wealth manger.

Adviser directory Unbiased will add whole of market restricted advisers to its search function, following a re-launch in November.

Old Mutual Wealth - which includes the soon to be rebranded Skandia businesses - is planning to take stakes in adviser firms which become restricted as part of a major change in its business plan post-the Retail Distribution Review (RDR).

The Association of Independent Financial Advisers (AIFA) is to change its name to the Association of Professional Financial Advisers (APFA).

The Financial Services Authority (FSA) is urging firms to consider their professional indemnity insurance (PII) situation and client communications ahead of Retail Distribution Review (RDR) implementation.

Professional indemnity (PI) insurance will not be cheaper for restricted advisers, despite some companies "peddling" this message to the industry, according to Sense commercial director Steve Young.