Question: With the last 12 months being a good example of extremes of volatility in investment markets do you think that even annual reviews are insufficient and should there be a system of automatic notification to the IFA or client if a clients funds fall by more than say 10% since the last review so that remedial action could be considered ? Answers: Fiona Tait - Scottish Life The general guidance that reviews should be carried out "at least annually" for income drawdown cases, as expressed by the FSA and others, includes an expectation that more frequent reviews should be c...
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