FCA: Firms may have to consider existing investments in streamlined advice

The regulator said it was for firms to determine what information they needed to obtain as part of their suitability obligations but pointed out there were certain situations where a firm is required to consider client's existing investments in streamlined advice.  The streamlined advice guidance published on Thursday is intended to help advisers create and maintain services limited to clients' specific needs and includes automated and robo-advice propositions. The regulator's guidance also tackled the issue of risk profilers, which are often used in automated and robo-advice processe...