Suitability rules overhaul: Why firms should engage now, not later

'The bigger shift is philosophical, not just structural'

clock • 3 min read

Marjolaine Quirke outlines what advisers need to know about the FCA’s proposals to simplify the pensions and investment advice rules

The Financial Conduct Authority's proposed overhaul of suitability rules is one of the most consequential pieces of policy work in the advice sector this year and yet, for many firms, it's still flying under the radar. That needs to change. CP26/10 will reshape how every advice firm gathers information, evidences suitability and reviews ongoing service, and firms that start preparing now will be in a far stronger position than those who wait for the policy statement to land. What's actually being proposed Published in March, CP26/10 sets out to consolidate the existing suitability r...

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