Hot topic: Suitability in wealth management
“Any successful wealth management service is entirely dependent on providing clients with suitable investment portfolios.
Helping firms to improve their standards on suitability is one of our priorities in supervising the sector.
… many firms still need to up their game – suitability remains one of our main concerns in the sector. “
So said the FCA in a recent regulatory roundup. The regulator has completed three separate phases of work on this aspect over the past six years, culminating in a Thematic Review in December 2015 – see our view here.
Suitability was also the theme of the investment roadshows that the FCA has been conducting around the country. See our summary here.
A closer look at FG 21/3 – finalised guidance on transfers
Alistair MacDougall Compliance FCA, Pension, Pension Transfer, PI, transfer
In our recent article giving an overview of Finalised Guidance (FG 21/3), we indicated that we would pick out a few of the more interesting snippets for a closer look. That is not to imply that the rest of the guidance is of no interest, just a reflection that much of the guidance is a […]