FCA's Percival warns of suitability checking in CIPs

Speaking at an eValue conference on Wednesday morning, Percival (pictured) said the FCA was still concerned about some aspects around client suitability in streamlined advice processes. He said the regulator recognised they had potential benefits, such as delivering consistent outcomes, and that they were often backed by "robust thought processes", but he said firms need to focus on giving individual clients a good deal. "Firms really need to have a clear idea across the board, of all the advisers and clients: who is this proposition suitable for and perhaps more importantly, who is i...