With only nine months to go until the RDR deadline, the FSA's latest retail conduct risk outlook makes for terrifyingly familiar reading. Why is it so terrifying?
Well from the beginning of next year, to be considered independent (and this is still a major aim for many), advisers will have to consider a range of products, including those the regulator has once again flagged at risk of being mis-sold. These include: structured products, ETFs and absolute return funds. The other terrifying thing is last week’s paper looks uncannily like those issued years ago with the same fears raising their head time and time again. These include a lack of understanding of certain products and their inherent risks, and inappropriate targeting of complex vehicles a...
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