Adviser mulls releasing 500 clients over MiFID II suitability demands

"If you follow MiFID II to the letter with regard to proving suitability then, rather than one appointment with a client you actually need two - so you're doubling up your work," Lamb (pictured) told Professional Adviser. In the past, Lamb explained, one meeting was normally sufficient to assess suitability. Under the latest Markets in Financial Instruments Directive (MiFID II) regulation, he said, however, advisers now had one meeting to assess a client's current situation, then had to write to them to verify their products were suitable and have another meeting to rearrange anything de...