Your 30-page guide to assessing investment suitability

clock

The FSA has finalised guidance on how firms should establish the risk a customer is willing to take and put in place a suitable investment selection.

The report, published today, includes examples of good and bad practice which the regulator says firms can judge themselves against. It follows draft guidance issued in January. The FSA has made only minor changes to its wording from that paper. The regulator says it will take tough action against firms that do not adequately assess clients' attitude to risk when arranging investments. In January's paper, the FSA outlined the "high" number of unsuitable investment selections it saw in the pensions and investment markets. Of the investment files assessed as unsuitable between Mar...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read
Future of Investment Festival: Secure your place for June now

Future of Investment Festival: Secure your place for June now

A look at how to take advantage of global megatrends

Professional Adviser
clock 11 March 2024 • 2 min read