Advisers could be forced to collect and share client information on non-advised business with providers under new rules mooted by the Financial Conduct Authority (FCA).
European legislation on 'complex' investment products such as derivatives demands product providers carry out 'appropriateness tests' to determine whether the customer is in the position to make an informed...
And other investors
More than 4,500 retail investors affected
After failing to turn up to hearing twice
Consultation closes on 30 October
Sent to retirement savers at age 50
The Financial Conduct Authority (FCA) is currently investigating funds worth more than £15bn that have holdings in the collapsed Woodford Equity Income fund (WEIF) as it seeks to prevent a liquidity crisis.
Following M&G suspension
No change in the 'near term'
UK goes to the polls on 12 December