Alastair Black: Now more than ever suitability is key

What next?

clock • 3 min read

Alastair Black explains how the FCA’s focus on suitability has been underlined by Covid-19 ahead of the regulator’s postponed review of retirement advice

A year of significant economic and financial disruption has highlighted the value of suitable advice. Advisers have worked hard to help clients navigate the upheaval by continuing to put their best interests at the heart of the process. Against this backdrop, the FCA has continued to focus on improving the suitability of advice, particularly when it comes to retirement. While the regulator's second suitability review of retirement advice has been deferred until the start of 2021, its assessment of DB transfer advice continued as planned. Through this work, the regulator is forming its...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 03 September 2025 • 1 min read
Targeted support regime welcome but rules need 'adjustments'

Targeted support regime welcome but rules need 'adjustments'

Advisers, providers and trade bodies call for clarity as consultation closes

Sahar Nazir
clock 29 August 2025 • 4 min read
SMCR reform needs efficiency without sacrificing accountability

SMCR reform needs efficiency without sacrificing accountability

'If we lose sight of the SMCR's fundamental purpose we risk undoing years of progress'

Shaun Hurst
clock 28 August 2025 • 4 min read