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...
IHT’s sting in the tail
After independent panels' annual reviews
Due-diligence must be driving force
Huge disparity between charges
Follows Complaints Commissioner reports