Unbiased.co.uk says it has no plans to extend its listing service to restricted advisers when the retail distribution review regime comes into force.
The Unbiased portal allows consumers to search for local IFAs, whole of market mortgage advisers, accountants and solicitors.
The debate over whether IFAs should consider becoming restricted advisers and/or maintain their independent status has gathered pace in recent months. National IFA firm Buckles has already said it is likely to move to a restricted advice model as it believes it will be too costly for big distributors to provide independent advice under the RDR.
Aifa is carrying out a strategic review and will have to decide whether it will extend its membership to include restricted advisers.
Unbiased.co.uk chief executive Karen Barrett says despite an expected shift towards the restricted advice channel, the portal will continue to list only whole-of-market independent advisers after the RDR.
She says: “The RDR will no doubt bring with it a shift of consumer access for financial advice but Unbiased.co.uk’s focus has always been to promote the benefits of independent financial advice to consumers and we remain committed to that. We currently have no plans on changing the adviser type we list on our search tool.”