Depolarised industry will mean a change in strategy

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Major players such as Bradford &; Bingley are already altering their business in readiness for the altered shape of the financial advice industry following an end to polarisation and regulation of mortgages and general insurance

The financial services industry is faced with potentially enormous change over the next 12 months. Depolarisation, as well as the regulation of mortgages and general insurance, is forcing intermediaries, and particularly IFAs, to take a closer look at their business strategy going forward. Bradford &; Bingley, one of the UK's largest adviser operators, has already stated its intention to turn its Marketplace IFA business into a multi-tie operation. Bradford &; Bingley has indicated it sees multi-ties as an opportunity to simplify its business processes and create a clearer, stronger prop...