In its final guidance issued today, the FSA set out examples of good and bad practice it discovered around firms' use of model portfolios, discretionary fund managers and distributor-influenced funds.
It follows a thematic review by the regulator, which uncovered widespread failures at some firms. The FSA said poor outcomes can occur if firms fail to: consider the needs and objectives of their...
Upcoming regulatory work
Jump in phishing and 'smishing' tactics reported
£624,311 of assets frozen
Administrative fee waived
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CETV could be delayed too
4% said ESG mattered "a lot"