PosSol moves to calm partners' fears of past business review

Reeve says he expects fewer than 5% of all cases checked will be marked as “failed” advice, adding in most cases any redress costs will be “relatively small”. The review, which involves randomly checking completed case files in four product areas, was launched at the beginning of the year to eke out any underlying suitability-of-advice issues in light of recent FSA action against other businesses. Some partners are concerned the review may cause some clients to suspect poor advice even where none is later identified. Others have assumed that, where redress is required, it will aut...