Is it time to give up the independent 'badge of honour'?
Does it really matter if a financial adviser is restricted rather than independent? Richard Bertin asks and gives his take on this contentious issue for Professional Adviser.
“The cost of regulated financial advice has become so high, along with the regulatory costs of monitoring the advice given, that perhaps those running IFA businesses should worry less about their title and more about improving the value proposition for customers and de-risking their business at the same time.”