The FCA findings focused on high-risk investments (HRIs), conflicts of interest, and the Consumer Duty.
With regards to HRIs, most firms were able to clearly categorise their products, but “some smaller firms offering HRIs to non-advised retail investors lacked sufficiently robust processes for these assessments or misunderstood their differences and applicability”.
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Furthermore, some assessments “were insufficiently challenging or omitted questions tailored to the investment’s risks”.
The FCA found good conflicts of inte…
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