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You can’t hide behind a top rating, if you don’t know how it’s made

You can’t hide behind a top rating, if you don’t know how it’s made

Not all ratings are created equal. It is advisers’ responsibility to check their sources and make sure grading systems are reliable.

The Financial Conduct Authority (FCA) has recently re-highlighted the need for advisers to understand the tools they use. Speaking at a conference in September, FCA director Debbie Gupta urged advisers to ‘consider the limitations of the tools you use and the outputs they give’. She added: ‘It’s important that due diligence is undertaken to understand the limitations of these tools.’ …

Article continues on Citywire.
(Published 5 December 2019)

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David Lee

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