( October 24, 2024, 15:01 GMT | Official Statement) -- MLex Summary: Investment and wealth management firms still display a poor understanding of customer vulnerability, a UK Financial Conduct Authority official said today. A quarter of portfolio managers and half of stockbroking firms report they have no vulnerable clients at all, Graeme Reynolds, FCA director of competition, said. The FCA wants to see firms put processes in place to recognize those who may need more help. “This applies to all firms – with or without direct client engagement,” Reynolds said. Statement below....
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