Readers of the FCA’s Dear CEO letter to wealth managers and stockbrokers (sent in November 2023) will have noted a distinct shift in the FCA’s tone. This was the regulator in combative, sabre-rattling mode for this “higher risk” sector – calling out the work it expects firms to have completed and warning
How wealth managers can avoid misconduct and protect consumers
5 min read
A year on from the FCA’s Dear CEO “warning shot” to wealth managers on consumer duty and financial crime, we look at how firms can meet these revised expectations.