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...
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