If you're using an adviser, always, always make sure it's an independent financial adviser Money Saving Expert
It is important that financial advisers review the whole market for financial products to ensure consumers find the best financial solutions for their circumstances.
According to the Financial Conduct Authority (FCA), in the UK, there are only two types of financial advice, either independent or restricted.
The most important distinction to make is between an independent financial adviser (IFA) and a 'restricted' adviser... It's almost always best to go with an IFA, so that you have access to the full range of services and providers available MoneyWeek
You should get the very best advice and products tailored just for you Money Saving Expert
Independent financial advisers (IFAs) must be able to demonstrate to the FCA that they review all suitable products from all providers across the whole of the market and give fair, unbiased and unrestricted advice to clients. Therefore, you should get the very best advice and products tailored for your individual circumstances. The FCA’s standard for independent advice is intended to ensure that such advice is genuinely free from bias towards any particular product, provider, or other restriction that would limit the range of solutions that could be recommended to clients.
Restricted advisers as the name suggests, can only make recommendations from a strictly limited range of products or product providers. Importantly, restricted advisers do not review and recommend suitable products from the whole of the market.
The Citizens Advice Bureau suggests "It's usually best to get independent financial advice so that you can look at the widest range of advice and products available Citizens Advice
All Throgmorton advisers are independent and meet the FCA’s strict qualification and competence requirements. In addition, they must obtain an annual Statement of Professional Standing, which confirms that they are suitably qualified, that they subscribe to a professional code of ethics and that they have kept their knowledge up-to-date through continuing professional development.