Doug Brodie's Chancery Lane calls on regulators to review risk definition

'Making up the cake of a total return'

clock • 2 min read
Doug Brodie, chief executive of Chancery Lane
Image:

Doug Brodie, chief executive of Chancery Lane

Chancery Lane chief executive Doug Brodie has written to the Financial Conduct Authority (FCA), calling on the regulator to redefine risk classifications to better reflect income needs.

Brodie said he wanted the FCA to view income and capital as separate retail products. He also said there was no correlation between equity market risk to capital and the stability of dividends. "We...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA to review advisers' capital requirements

FCA to review advisers' capital requirements

Part of consumer investment strategy

clock 06 December 2021 • 4 min read
Megan Butler of the FCA

FCA's Megan Butler to step down from exec role

Stephen Braviner Roman to join

Pedro Gonçalves
clock 06 December 2021 • 2 min read
FCA clamps down on Appointed Representatives in fresh consultation

FCA clamps down on Appointed Representatives in fresh consultation

Require stronger oversight by principals

clock 03 December 2021 • 4 min read