Regulation 

CIP suitability: Making the right choices

  • Understand how advisers are meeting CIP suitability requirements
  • Learn about the methods advisers are using to invest client money
  • Grasp the FCA's expectations on CIP suitability
CPD
Approx.30min
CIP suitability: Making the right choices

It may not be feasible to fit a square peg into a round hole, but it is possible to shoehorn a client into an investment proposition that isn’t entirely suitable. ‘Shoehorning’ has been a perennial bugbear for the FCA ever since its predecessor – the Financial Services Authority (FSA) – raised concerns about the subject more than six years ago. 

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CPD
Approx.30min
  1. What strategy does Mr Barrett describe as increasingly rare?

  2. How does Mr Solomon describe the impact of Mifid II on CIPs?

  3. In what year did the FCA first raise concerns about CIP suitability?

  4. Mr Metcalfe says what have been jumping on the CIP bandwagon?

  5. What is listed as the most popular method for advice firms to invest new business?

  6. Mr Barrett listed three methods which are gaining popularity. Which of these is not one of them?

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You have successfully answered all the questions correctly, well done!

You should now know…

  • Understand how advisers are meeting CIP suitability requirements
  • Learn about the methods advisers are using to invest client money
  • Grasp the FCA's expectations on CIP suitability

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