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

  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 of you will be familiar with this guidance, however, I will start by dusting it off for a quick refresher. The key areas highlighted were that firms should ensure: They have a robust process for assessing the risk a customer is willing and able to take. Tools, where used, are fit for purpose and any limitations recognised and mitigated. Questions and answers are clear, fair and not...