Karl Dines: The practical benefits of managing risk within an advice firm

Take a deep breath

clock • 4 min read
Karl Dines: "Once you understand what the regulator means by ‘risk', you can take action and build it into your advice process and get it documented within a solid, comprehensive CIP."
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Karl Dines: "Once you understand what the regulator means by ‘risk', you can take action and build it into your advice process and get it documented within a solid, comprehensive CIP."

Karl Dines takes a trip down memory lane and revisits the FCA's final guidance 11/5, which outlines the regulator's desired approach to all elements of risk within the advisory arena

FG11/5 (Establishing the risk a customer is willing and able to take and making a suitable investment selection) is the finalised guidance that talks about risk. It's 10 years old, so I know many...

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