Wealth management firms say they are being “crippled” by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.
Under existing FCA rules, firms have to provide suitability reports to every retail client to whom they make a personal recommendation. A number of firms have gone further, instigating suitability reviews...
Most recently at Fidante Partners
Acknowledges PM May's proposed crackdown
Two teams merged into one
UK blue chips up 0.2%
Effective from 30 June