Advisers have to 'suck it up' on risk assessment requirements

Intelligent Pensions technical director Fiona Tait, speaking at PA360 North on 8 December, said it was absolutely imperative advice firms clearly document any risk assessment changes making clear why clients have moved up or down the scale. Her presentation outlined the approach Intelligent Pensions takes with its risk assessment process. She said: "It is not easy. The FCA has flung this back at us, advisers, and said this is where you add value. We have to suck it up." Tait added that the initial client risk profile was "just the starting point". She explained: "Once you have t...