Mass HNWI exodus underway, warns JLHO

Wholesale exemption would ‘adversely affect the Duty’s objectives’

Prospective clients using AI tools to find financial advisers

According to Defaqto Engage

Bank accused of missing basic due diligence checks as £34m was deposited into WealthTek client account

To help consumers make better financial decisions

Regulator asked to report on how well rules are working

Charging structure overhaul ‘proves’ otherwise, he says

Reduced from six to four months for complete applications

New fee model removes early withdrawal charges and introduces tiered advice rates