What happened?
Following the FCA’s release of its findings into its recent ongoing advice review, TCC’s Chief Product and Commercial Officer Garry Evans catches up with our Technical Director David Boyhan – who specialises in wealth management to unpack all the detail.
In the first of this five-part mini-series, Garry asks David what the key findings for firms are to consider as a result of the FCA release. Watch part one now to learn more or read the transcript below.
Watch part one:
Supporting sources
Frequently asked questions
What were the main findings from the FCA’s ongoing advice review?
Which clients should firms focus on following the FCA’s review?
Firms should focus on two groups: clients who did not engage with their annual review when invited, and clients who were not invited to engage in the review process at all.
Does the FCA’s review mean more work for firms?
Yes. While the overall outcome is positive for the sector, firms will need to identify and contact affected clients to ensure their ongoing advice review processes remain effective and compliant.
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Reviewed by TCC Group Editorial Team
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