What is the difference between advice, information only and a personal recommendation?
Amongst other things the Finalised Guidance document FG15_1 ‘Retail investment advice: Clarifying the boundaries and exploring the barriers to market development’ looked to explain the differences.
Steve Bailey (ATEB director) recently undertook a critical and detailed examination of the paper for an article compiled for Adviser Business Review.
The article can be accessed here.
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It’s an important read. Firms looking at developing other distribution channels will need to be very careful in their approach. Innovation can create some excellent customer outcomes with the right level of investment and expertise, but beware, because there are some banana skins.
If you are in doubt please refer to your ATEB consultant or contact us here.
A recent FOS decision confirms regulatory and good practice requirements in relation to Pension Switches.
Defined Benefit Transfer Templates & MiFID II Changes
ATEB suitability is pleased to announce that we now have an app available on Intelliflo’s iO Store.
ATEB Data Protection Notice and GDPR.
Important Reading.
The FCA has moved!
Alistair MacDougall Compliance 2018, FCA
Make sure you update your documents.