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Brief
On 24/02/2025, the Financial Conduct Authority issued an update regarding FCA finds vast majority of ongoing suitability reviews delivered. The review found that financial advisers delivered suitability reviews in around 83% of cases, with clients declining or not responding to the offer in a further 15%. This indicates that firms generally met their regulatory requirements and contractual obligations regarding ongoing services, but some instances were identified where firms did not attempt to provide offered services.
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