Regulation and Compliance
FCA rules, Consumer Duty, SM&CR, file checks and audit preparation.
- AFUnanswered
How much record keeping is proportionate?
Suitability reports have grown steadily longer, and few advisers believe the extra length is read by clients. At the same time, thin files carry obvious risk if a recommendation is later questioned…
Adviser Forum member0replies0views0likes 1 month ago0001 month ago - AFUnanswered
What makes a file review genuinely useful?
File review is a fixture of every advice firm, and its usefulness varies from a serious quality process to a formatting check performed against a deadline. This matters because the review is the ma…
Adviser Forum member0replies0views0likes 1 month ago0001 month ago - AFUnanswered
How are firms evidencing Consumer Duty outcomes?
Evidencing Consumer Duty outcomes is one of the harder practical tasks in current regulation. Firms have interpreted the requirements differently, and there is no single template that fits every bu…
Adviser Forum member0replies0views0likes 4 weeks ago0004 weeks ago - AFUnanswered
How are advisers managing vulnerable-customer records in practice?
Vulnerability is now part of every meaningful client conversation, but recording it well is difficult. Records need to be accurate and useful without becoming intrusive or reductive. Some starting …
Adviser Forum member0replies0views0likes 1 month ago0001 month ago - AFUnanswered
Which compliance tasks create the most unnecessary administration?
Compliance is essential, but not every task inside a compliance framework adds value. Advisers frequently describe processes that generate paper, tick boxes and repeated data entry without measurab…
Adviser Forum member0replies0views0likes 1 month ago0001 month ago