Rathbones hit the headlines this week with news that it had undertaken a Skilled Person Review.
he wealth manager said it would pause taking on high-risk clients and embark on a two-year programme after the review found areas for improvement. The review found that more work was needed on its "implementation and embedding of Consumer Duty". Aspects of its compliance, oversight and assurance arrangements were also highlighted. The firm's announcement to the stock exchange also revealed the business would conduct a targeted review of a "portion" of its clients to assess whether they have received good outcomes. Pressing pause on new enhanced due diligence high-risk clients is vo...
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