A2Risk profiling: simpler than simple questions
It is tempting to think that the simplest way to assess a customer’s attitude to risk is to ask a simple question. Something like “What level of investment risk are you…
The clue is in the name: simplified advice questionnaires need to be … simple
Efforts to address the UK’s advice gap are both necessary and welcome. The challenge is to expand access to investment guidance and support without compromising consumer protection. While not easy to achieve, the…
Supporting firms as they zoom in on Targeted Support
Advice firms, banks and insurers are actively preparing to deliver the Financial Conduct Authority’s Targeted Support (TS) framework. The regulator hopes that its bold new initiative, which is open from…
Adviser Consolidation and Risk Profiling
Notes on the opportunity to improve compliance and align practices The UK financial advice market continues to evolve, with a flow of mergers, acquisitions and new entrants. Consolidators – both…
KY(V)C: Know your (vulnerable) customers
The treatment of vulnerable customers has long been high on the Financial Conduct Authority’s (FCA’s) agenda, but the issue will come even more sharply under the spotlight in the months…
Encouraging Risk-Taking: The Challenge of Long-Term Financial Planning
The Financial Conduct Authority (FCA) has set out a five-year strategy to encourage greater risk-taking and investment in productive assets by UK savers—in line with the Government’s plan to promote…
USS uses A2Risk ATRQ to Survey Member Risk Attitudes
In a recent survey of the attitudes of members of the UK’s largest private pension scheme, the Universities Superannuation Scheme (USS) used A2Risk’s Attitude to Risk Questionnaire (ATRQ) to understand…
Attitudes to risk – we find differences but also consistency over time in a volatile world
Do differences in income, age and sex lead to differences in risk appetite? And do turbulent world events shape our attitudes to financial risk? The A2Risk/YouGov survey investigates. Income, age and…
Assessing customer risk profiles at retirement requires a dedicated tool
Assessing customer risk profiles at retirement requires a dedicated tool A customer’s risk profile changes over their lifetime and for good reason. The risks that are reasonable for a young…
Risk and Investment Pathways
The recent introduction of Investment Pathways leads to risks for both customers and providers alike. The FCA has for a long time now had concerns about poor outcomes for customers…