The role of risk capacity in retirement income advice
Oxford Risk’s Greg B Davies says sufficiently robust calculation methodology is lacking
Suitability
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More than half of advisers upping their AI spend
AI used to enhance internal processes rather than for client services
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Advice suitability complaints rising and upheld more often – Oxford Risk
41% of complaints against financial advisers in 2022/23 were upheld
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Client suitability systems not up to scratch, say wealth managers
Just 7% believe current processes can react quickly to changes in customer circumstances
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FCA abandons second advice suitability review
To focus on DB pension transfers and reducing harm in consumer investment market
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Dynamic Planner adds cash flow planning tool
Firm claims it takes ‘miscalibration risk out of the equation’
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Is the FCA set for an advice suitability crackdown?
Thematic review into the implementation of regulations could be on the cards
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‘Too many scandals’ prompt FCA to take action
Aim is to ‘ensure people can better navigate financial services to invest for the future’
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South Africa regulator bans investment firm directors
After the watchdog withdrew the company’s licence over breach of suitability requirements
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UK regulator probes 125 advisory firms on suitability
Focusing on clients receiving advice on income in retirement
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UK may not recognise cross-border suitability after Brexit
Firms will have to think about redoing suitability or repapering clients to the UK
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UK IFAs facing advice suitability review in 2019
The Financial Conduct Authority has outlined plans to re-assess the suitability of retail investment advice in 2019, according to its latest annual report.