{"id":560092,"date":"2026-03-25T16:38:14","date_gmt":"2026-03-25T16:38:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/560092\/"},"modified":"2026-03-25T16:38:14","modified_gmt":"2026-03-25T16:38:14","slug":"fca-looks-to-drop-annual-suitability-review-requirement-for-ongoing-advice-services","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/560092\/","title":{"rendered":"FCA looks to drop annual suitability review requirement for ongoing advice services"},"content":{"rendered":"<p>In the regulator&#8217;s simplified advice consultation released today (25 March), it proposed moving from requirements to offer annual to periodic suitability reviews.<br \/>\n Instead, firms providing an ongoing advice service will instead be subject to conduct &#8220;periodic&#8221; suitability assessments.<br \/>\n The FCA said firms will be required to determine the most appropriate review frequency based on an assessment of customer needs and circumstances, and in keeping with Consumer Duty.<br \/>\n As part of its consolidation proposals, the regulator has also proposed removing the requirement for suitability reports &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"In the regulator&#8217;s simplified advice consultation released today (25 March), it proposed moving from requirements to offer annual&hellip;\n","protected":false},"author":2,"featured_media":560093,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,146485,133,86586,216498,131,132,216499],"class_list":["post-560092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-fca","tag-finance","tag-financial-conduct-authority","tag-ongoing-advice","tag-personal-finance","tag-personalfinance","tag-suitability-reviews"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/560092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=560092"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/560092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/560093"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=560092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=560092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=560092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}