‘Additional pressure heaped on advisers this year by global events and market shocks’
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Follows FCA's smarter communications work
Industry warned of difficult risk assessments in P2P
Investment advisers still need to make "substantial" improvements in demonstrating the suitability of their advice, despite a series of warnings, the regulator has found.
The Association of Professional Financial Advisers (APFA) has called on the regulator to cut its handbook on adviser disclosure by a third, saying too many rules lead to lengthy suitability reports that confuse consumers.
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Advisers respond to FCA call for 'short' suitability letters
Advisers have to probe clients with both ‘positive' and ‘negative' questions to meet the regulator's expectations about assessing attitude to risk, according to Zurich strategic partner specialist Andy Woollon.