The regulator will not issue checklists for advisers to allow them to stick to a particular protocol when assessing product suitability for their clients because they are "counterproductive", technical specialist Rory Percival has said.
Percival told delegates at Distribution Technology's London conference the 'prescriptive' nature of checklists went "against the grain of how the Financial Conduct Authority (FCA) regulates". He said...
Our Dad's Army guide to what made financial headlines over the weekend
After Friday's market turmoil, David Jane says the key issues to watch in the short term are uncertainty around the future of the Conservative party leadership and how and when first exit steps are taken
‘Leave' vote poses increased systemic risk to the financial system
Britain votes to leave the European Union
Advisers speak out on implications of referendum result
Advisers and clients urged to avoid 'knee-jerk ractions'