PA360 North: Advisers 'still' confusing capacity for loss and risk says Percival

Speaking at PA360 North

Hannah Godfrey
clock • 1 min read

Former Financial Conduct Authority (FCA) man turned regulatory consultant Rory Percival said he frequently sees adviser firms confuse a client's capacity for loss with their attitude to risk.

Speaking at PA360 North, Professional Adviser's flagship northern conference, Percival (pictured) spoke to delegates about good and poor practices when assessing a client's capacity for loss. He said he "still" regularly saw firms confusing capacity for loss, which he said was about numbers surrounding affordability and a client's standard of living, with risk profiling, adding: "I would have thought the sector would have understood this by now". Adam Higgs: What should you look for in a risk-profiling tool? The former FCA technical specialist said the way advisers were approaching...

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