FSA to probe advice firms' fund concentration risk

Nick Paler
25 March 2013

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The Financial Services Authority (FSA) is planning to up its focus on advisers and wealth managers placing large amounts of client money in a single fund, amid fears some firms are not carrying out sufficient due diligence.

In an expansion of its work on suitability, the FSA is understood to have held talks with a number of law firms around concentration risk in certain investment vehicles. The talks centre on the percentage...

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