Rory Percival: Client files must include 'colour and detail' to satisfy FCA
Put detail in suitability reports
Rory Percival: “The regulator is looking to be able to see a real person when they look at files."
Advisers should add colour and detail to client files because the regulator wants to get a feel for the person behind the report, former Financial Conduct Authority (FCA) technical specialist-turned consultant Rory Percival has said.
Speaking at the Great Pension Debate II in Port Talbot, the ex-FCA man gave delegates a glimpse into the mind of the regulator. He told the room the biggest single thing advisers need to do to improve...
More on Adviser tips
FOS sets £260m budget for 2021/22 as caseload rockets
Predicts 45% increase in cases
Think tank brands FOS 'unfit for purpose' in damning report
Questions over fairness
Govt committee calls for 'quick and decisive' action to prevent pension scams
'Largely underreported'
Why cybercrime protection is increasingly important for advice businesses
More sophisticated scammers
High Court fines firm's boss over unauthorised WhatsApp investment advice
Restitution of £530,000+
Back to Top
More news
The perfect personality for a financial adviser
Some traits are bigger earners
Lee Fisher: Choosing a CIP is a marathon not a sprint
Four criteria
Pensions dashboard issues digital design tender in 'significant milestone'
Run by Money and Pensions Service
