Advisers have questioned whether the incoming MiFID II rule requiring a client to be notified when their investment falls, will be of use to the client and worth the cost of implementation.
The new rule, due to be implemented as part of the second Markets in Financial Instruments Directive (MiFID II) regulation in January 2018, means clients have to be notified within 24 hours if their portfolio...
£1bn business since inception
Considered doing so in 2015
Client communication considerations
Aviva: ‘We are sorry’
FOI from Professional Adviser