Bankhall members say their independence will not be compromised by Skandias takeover of their network.
But some members say they may be less likely to recommend Skandia products as a result of the deal to avoid any accusations of bias.
One Bankhall member says: "Whoever owns us should not compromise our independence and should not make any difference to us. But I am worried about the perception the public would have about an IFA being owned by a life company. I will have to be very open with my clients and I may end up recommending less Skandia products than before."