Have your work double-marked for suitability - Phil Young

Small, independent and directly authorised firms performed slightly less consistently than their larger and restricted counterparts in the regulator's recent suitability review, but Young (pictured) argued even a peer-group review can help iron out the rough edges for smaller, independent firms. "The bit I'm increasingly seeing over the years that has an impact on adviser behaviour is whether there's an independent 'second line' of compliance review brought in," he said. "We'll always recommend at least a peer group review within a firm to have your files checked, so it's not just an ...