Advisers 'not realistic' when assessing client banks - FSA

Percival's comments come in the week before the final FSA paper, entitled Replacement Business and Centralised Investment Propositions, is due for release. During a presentation at the Great British Adviser Day in London on Wednesday, Percival said that a CIP, which might include model portfolios, discretionary investment management, and distributor influenced funds, will work much better if firms are realistic regarding their client banks. He explained that knowing exactly who their customers are and how much they are worth would allow advisers to create more functional CIPs without ...