Advisers on 'dangerous ground' if they take tick-box regulation approach

Its recently launched guide, More Than Mere Measurement: Guide to Client Investment Suitability, emphasises that individual measures of risk tolerance, risk capacity, behavioural capacity, knowledge and experience, and sustainability preferences need to be combined into a holistic suitable risk level. Adviser firms need to adapt to changes in the regulatory approach to client investment suitability assessments and move away from a product-specific focus, the guide stated. Oxford Risk noted that the Financial Conduct Authority's Consumer Duty rules in the UK and the European Union's Mi...