The Financial Conduct Authority (FCA) expects advisers to be 'reasoned and reasonable' with their assumptions for cashflow planning, according to former FCA technical specialist Rory Percival.
Speaking at the Personal Finance Society (PFS) Conference in London, the regulator-turned-consultant (pictured) said advisers should be sensible with their assumptions towards clients as a starting point for cashflow planning. "What the FCA expects advisers to do is something that is reasoned - so something that is evidence-based - and something that is reasonable and sensible," he explained. Adam Higgs: The versatility of the bestcashflow modelling tools Then, he added, if there were "additional things the client wants to look at - for example, the possibility of high inflation - ...
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