FSA paper boosts IFA uptake of risk profiler software

Following publication of the regulator's risk suitability guidance note, the financial planning software provider has signed up 1,000 new firms to its Dynamic Planner in Q1 alone. "We believe the increased take up in Q1 is evidence of a flight to quality following the FSA finalising its risk-suitability guidance," said Distribution Technology CEO Ben Goss. "It will be looking to see how firms have acted on the report and we can expect to see it apply its ‘intrusive and intensive supervisory approach' with vigour to ensure it addresses ‘vague' descriptions that do not effectively expla...