Summary
What this article covers in 30 seconds
- The webinar brought together Recordsure and TCC regulatory specialists to discuss the FCA findings.
- Key topics included evidence for ongoing advice services, review quality and chronology clarity.
- Backward-looking review, future preparation, disengagement strategies and wider ripple effects were also covered.
- Recordsure technology can automate document checks and notify teams when evidence is missing.
On Wednesday 19th March, Recordsure’s Chief Commercial Officer and Chief Product Officer, Garry Evans, was joined by TCC Group regulatory experts Gary Maude and David Boyhan for a house view on the latest FCA ongoing advice review findings.
The session considered what firms need to evidence when delivering ongoing advice services and how suitability reviews can be strengthened through technology and regulatory expertise.
Webinar topics
The webinar covered how to deliver ongoing advice services with appropriate evidence, the quality of ongoing advice reviews, the clarity of chronology, the importance of a backward-looking review, preparation for the future, disengagement strategies and the ripple effect of the FCA’s findings.
Individual question-and-script parts covered the scope of the FCA’s ongoing advice services review, next steps for wealth managers, and long-term compliance in wealth management.
Using AI in suitability reviews
Firms can enhance suitability reviews by integrating AI into their workflow. Recordsure technology automates document checks and notifies teams when evidence is missing, allowing advisers to intervene where needed.
This improves a firm’s ability to provide reliable and compliant ongoing advice reviews in response to regulatory expectations.
Frequently asked questions
Garry Evans from Recordsure was joined by TCC Group regulatory experts Gary Maude and David Boyhan.
It covered evidence for ongoing advice services, review quality, chronology, backward-looking review, future preparation, disengagement strategies and the ripple effect.
Recordsure technology automates document checks and notifies teams when evidence is missing so advisers can intervene.