Nucleus, the adviser-built wrap platform, has partnered with consultant and former FCA technical specialist Rory Percival to launch a white paper on the rules and regulations around suitability specifically aimed at financial advisers.

Ex-regulator Rory Percival has warned Financial Planners they have just 7 months to ensure the risk profile tools they use are ‘fit for purpose’.

Rory Percival, the former FCA technical specialist, says practices around capacity for loss are “frankly very poor” among many firms – perhaps the majority.

About 400 Financial Planners, Paraplanners, advisers, and wealth managers are attending the Morningstar Investment Conference UK, which began this morning.