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.
One of a series of roadshows the FCA is running around the country, this session offered some new insights into a topic that should be familiar to advisers but which it seems that many are still not getting right.
Are you prepared for the changes to capital adequacy for personal investment firms that come into effect on 30th June?
More Choice – More Flexibility – More Relevance
The FCA reminds firms of their expectations in relation to conflicts of interest.
FCA Positive Compliance – Mortgage Session
Alistair MacDougall Compliance 2015, 2017, FCA, FOS, Mortgage, PI, Switch, TCF
“The advice process: building a solid base.”
A summary of the FCA mortgage roadshow.