10% loss reporting – an adviser update

For financial professionals only

As you know, the current volatility in the market means that many 10% loss notifications have been issued over the past few weeks. Almost all portfolios have been affected, regardless of risk grade.

Despite a relaxation of the FCA’s rules on loss notifications, here at Parmenion we will continue to issue these notifications to advisers. This decision reflects our commitment to being open and transparent about the investment solutions we provide – we know how important it is to keep you and your clients informed.

If you have not received any notifications and believe you should have done, please check the Documents areas under the Adviser Requested Documents section. You’ll find a CSV file detailing all affected portfolios by client name and wrapper reference. The file gives further details to help you with any onward reporting.

If you have any questions, please contact our client services team by emailing clientservices@parmenion.co.uk, using live chat on our website or by phoning 0117 204 7678.

This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity. Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.  

Speak to us and find out how we can help your business thrive.