Preliminary results for the year ended 31 December 2024
Target market an expected focus as propositions have ‘questions to answer’
FCA also starts criminal proceedings against firm's business operations manager
Regulator looks to 'end duplication'
Policy said to present 'inevitable, illogical and irrational risks'
Advisers said to be breathing collective sigh of relief
And what advice firms were doing well
Advisers delivering suitability reviews in ‘vast majority’ of cases