01 April 2020

FCA's relaxation of 10% drop rule a sensible move for advisers and clients

3 min read

 
Helen Morrissey, Personal Finance Specialist
Helen Morrissey

Corporate PR Specialist – Long Term Savings

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Ryan Medlock, senior investment development and technical manager at Royal London comments on the FCA’s Dear CEO letter which covers the relaxation of the 10% drop reporting rule.

“This is a sensible move by the FCA on several levels. In the context of the current market turbulence relaxing this rule should ease one of the many burdens facing advisers right now. It will also be of real benefit to clients who really don’t need to be bombarded with multiple letters to inform them their portfolio has dropped another 10% during these turbulent times.”

-ENDS-

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.