Is your ATR assessment fit for purpose?

Our regulator (the FCA) and the Financial Ombudsman Service (FOS) continue to identify deficiencies in how financial advisory business assess, discuss, agree and record Risk for clients. We believe that the engagement of agreeing how much risk a client is willing to take is critical to being able to demonstrate the suitability of any investment […]


Being clear about adviser charges and services

The FCA has recently completed its second cycle of reviewing financial advisory firm’s disclosure documents. The review focused upon how firms are disclosing their service proposition and charging structure to clients. It is clear from their review that they are unhappy with the current standard of documentation given that feedback and guidance had been issued […]


Changing Customers to post-RDR unit classes

The FCA has issued its finalised guidance on changing customers to post RDR unit classes in May (FG14/4). The implementation of the RDR, adviser charging and the banning of rebates and commission payments from fund management groups from April 2016 has meant the creation of many ‘clean’ share classes. The FCA have stated that they […]