Which statement best describes independent advice?

• A. Restricted advice: When recommendations are given on the firm's own range of products
• B. Independent advice: When recommendations are made on all products available in the market
• C. Hybrid advice: Using internal and external products
• D. No advice: Only educational content

Answer: (B)

Independent advice means the adviser considers the full range of products available in the market and makes recommendations from that entire set, not just from the firm's own range. This requires objectivity and a process that compares suitable options across providers to find the best fit for the client’s needs, goals, and circumstances. That’s why the best description is that recommendations are made on all products available in the market. Restricted advice would limit choices to the firm’s own range, a hybrid approach blends internal and external products, and no advice would be educational content rather than a recommendation.