High risk investments under new scrutiny to give advisers stack of homework

The uptick in fraud over the course of the pandemic has put an unprecedented level of pressure on UK regulators, says Rachel Adamson, director, Adkirk Law. In the past year, this tension has forced the FCA to release a flurry of announcements, detailing their plans to protect consumers, and saw the agency issue over £567m in regulatory enforcements - a £375m increase on 2020. As part of this wider move, the FCA recently launched a fresh consultation on the promotion and marketing of high-risk investment products. The proposed legislation takes a slightly different approach to that ...