The Financial Conduct Authority (FCA) is planning to update its rules for retail clients advised to buy offshore life insurance bonds, affording them greater protection.
The proposed change would mean a UK investment manager running the bond's underlying assets would be liable for the suitability of any advice it gives to the client. Currently, a client who deals directly...
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'