There are lots of [advice] models that will serve customers well. One of those is having specialists in a business and working as a team to provide the appropriate advice to a customer.
I was amazed when the FCA defined independence as it did. Surely what it meant was every adviser must be skilled enough to recognise when their holistic advice is not enough and a customer would be better served by someone in the team who specialises in a given area.
We cannot all be specialists in everything. The FCA should reconsider its guidance to support all models for achieving independent advice for consumers and make it easier, not harder, for advisers to work together. Surely that is better than advisers trying to be all things to all men and getting it wrong again?