RDR Policy: Provider-owned advisers keep independent label

The regulator says it recognises there are a number of "valid concerns" with ownership issues of IFAs, especially where an IFA firm is recommending its own product or a product of a parent company. But in today's Policy Statement, Delivering the RDR, it says: "We do not believe [the concerns] are sufficiently strong to automatically prevent an adviser owned by a provider from describing itself as independent." Provider-owned firms will be required to monitor the outcome for the customer of recommending  their own product or the product of a parent company, alongside the FSA's own moni...