The Risk Warnings Review, commissioned by the Chancellor as part of the Leeds Reforms, has represented a ‘meaningful shift’ from how rules on risk have often been interpreted by supervisors and compliance consultants within financial advice.
Released on 9 April, the Risk Warnings Review was launched to change how risk warnings are delivered to retail investors. The Supporting a New Retail Investment Culture report is especially designed to help financial services firms to present risk information in a "balanced and contextual" way. Hargreaves Lansdown senior financial promotions compliance manager and Technical Working Group chair Claire McAlees explained: "The guidance helps firms move away from formulaic wording and towards more meaningful communication. "It encourages firms to explain risk in a way that is proportio...
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