Chris Davies: Improving Advice Suitability
'Differentiate fact finds'
Chris Davies: "The assessing suitability review showed that 93% of advice complied with the rules on suitability."
There is no doubt the FCA are getting to grips with the advice suitability conundrum, writes Chris Davies - and they will be revisiting their 2017 advice suitability review where the regulator published findings from its Assessing Suitability Review.
The assessing suitability review showed that 93% of advice complied with the rules on suitability (split 7% networks and 93% directly authorised) but this figure was weighted towards simpler areas of advice....
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