RDR: FSA clarifies 'relevant market' term; issues panel warning

In its RDR Consultation Paper it says those specialising, for example, in ethical or socially responsible investments still qualify for independence "provided the whole of that market is considered". Some advisers, and providers, had voiced concerns about a lack of clarity around what the FSA calls "relevant" markets. "It remains important for an independent adviser to review the whole market for the field in which they provide advice in order to deliver genuinely independent advice," the paper reads. "However, we recognise that it is possible to provide independent advice even if ...