Suitability Report Best Practice Archives

What is the difference between a disadvantage and a risk warning?

Ed Evans - 15th October 2014

The regulator expects you to give equal weighting to the upsides and downsides of your recommendations. Therefore you must include both disadvantages and risk warnings in your suitability reports.

Projection of benefits or reduction in yield

Ed Evans - 3rd September 2014

It is a key requirement of replacement business to provide a clear and accurate comparison of charges in a manner that is easy to understand.

Full or Limited Advice and the FCA’s expectations of you

Ed Evans - 6th August 2014

A summary of the FCA’s expections of a full or limited advice service and their impact on financial adviser’s suitability reports.

The importance of grammar in your suitability reports

Ed Evans - 16th July 2014

Why it’s important to pay particular attention to grammar in your suitability reports, as well as all other business communications.

Please mind your language!

Ed Evans - 9th July 2014

An overview of the language you should, or more importantly shouldn’t use in your suitability reports.

Suitability Report Format

Ed Evans - 2nd July 2014

Learn how making a few changes to your suitability report format can not only make them more reader-friendly and engaging, but also more closely aligned with your personality and brand.

How to structure a suitability report

Ed Evans - 25th June 2014

Probably the single biggest factor influencing both the size and structure of a suitability report will be whether you do in fact provide your clients with a suitability report or a suitability / reason why letter.

What is the ideal length of a suitability report?

Ed Evans - 18th June 2014

With the regulator being deliberately non-prescriptive, it has been left up to advisers, paraplaners and compliance officers to debate the ideal length of a suitability report amongst themselves.

Learn how to write reader-friendly and engaging suitability reports

Ed Evans - 11th June 2014

Ok, let’s be honest about this – suitability reports aren’t page turners, and they’re certainly never going to compete with the latest best seller as bedtime reading for your clients, however well crafted they may be! Having said this, I do believe that if you employ just a little creativity and follow some tried-and-tested report writing techniques, it is still possible to write reader-friendly and engaging suitability reports.