Even regulator queried use of a 'system' to record attitude to risk
Couple lost £43k in 18 months on £700k investment as banking crisis emerged
Thousands of miles, hundreds of advisers, one word repeated
Mark Loosmore of IRESS surveys the new attitude-to-risk (ATR) tools deployed in the wake of the FSA’s suitability guidance.
Shoehorning clients into a simple one-to-ten risk profiler fails because real attitudes to risk drift with every new piece of bad financial news
Providers' claims that attitude-to-risk questionnaires can be as much as 93% accurate are being challenged by advisers.