Blog: Why all firms must heed FSA investment tool warning

The FSA has been concerned for some time about the approaches used by advisers to determine customers' attitude to risk and to selecting the appropriate investment solutions - including, but not limited to the use of tools. The FSA ‘Financial Risk Outlook Retail Intermediaries Sector Digest' (March 2010) and the Platform Consultation Paper CP10/29 produced in November 2010 referred to the concern in the wider market use and specific context of Platforms. The FSA promised to publish the Guidance Paper at the start of the New Year, so it is a timely output given some of the past delays ...