FCA 'misses the point by 4,000 miles' on client fact finds and PI cover - IFA

Earlier this week (5 February), FCA director of life insurance and financial advice supervision Debbie Gupta told delegates at the annual Dynamic Planner Conference that a good client fact will make it easier for advisers to renew their PI cover. She said the FCA wanted to see more of firms transform their relationship with clients and be able to evidence how they have done so. In response, independent financial adviser Sam Lever, who wished for his firm not to be named, said he did not believe a good client fact find will make a different to renewing PI cover. "I've been in the in...