If you have been contacted by the Financial Conduct Authority (FCA) regarding a Suitability audit, this article should help you prepare for it. The FCA will be reviewing your firm’s processes relating to the due diligence (including research) undertaken to ensure that customers are sold suitable products and services. This will include (but is not...Read More

The FT Adviser reports that the Financial Conduct Authority has sent letters to 700 adviser firms requesting evidence of all of the financial advice they gave between 1 January 2015 and 31 December 2015 as part of the FCA’s suitability review. Firms selected from a “statistically representative sample” of the market are to provide the...Read More