Aegon-owned national IFA firm Positive Solutions says it plans to remain independent but has refused to rule out a move to set up a restricted panel in the future.
The firm says it has concentrated on making sure it can meet the RDR’s independence requirements, but adds it is possible it could look to set up a restricted venture at some point in the future.
PosSol marketing, brand and communications manager Simon Cockfield says: “There are no current plans to offer a restricted service but we may look at the possibility of offering it in the future.”
Bloomsbury Financial Planning partner Jason Butler says: “I think it is sensible for any business in any industry to keep its options open and that is what Positive Soltuions is doing here. I can see some of the larger advice firms in the future having large numbers of restricted advisers and a small pocket of independents.”
Sesame announced it would launch a restricted panel last year, which covers investment, pensions, protection and at-retirement products.
SimplyBiz chairman Ken Davy announced the launch of his restricted national proposition, Sandringham Financial Partners, in May.