Rathbones’ regulatory programme of work following a Skilled Person review, which followed engagement with the Financial Conduct Authority, is making progress on schedule, the group has said.
In its third quarter results, the group said it was on track with the two-year programme of work which saw it pause taking on high-risk clients after the review found areas for improvement. It said Rathbones' regulatory programme announced in June continued to "progress on schedule, and targeted client reviews have started". The results stated there had been "no material client outflows attributable to the programme, the impact on new business activity has been contained, and colleague attrition remains in line with normal experience". It confirmed that its new Customer Risk Rating...
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