Editor's view: What next after FCA's ongoing advice services findings

Professional Adviser senior reporter Isabel Baxter and I spent the day canvassing for reactions to the FCA's ongoing advice services update, with the watchdog having found that clients of 22 of the biggest advice firms had not received suitability reviews in fewer than 2% of cases going back seven years. This figure wasn't all that surprising, compliance specialists told us. One stat that will jar with some – in 15% of cases, clients had not engaged with their adviser when asked for crucial information else had declined a review. PIMFA's Simon Harrington told us the trade body is conf...