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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ATEB Suitability provides report writing software for the financial services market.
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 the issues identified in the FCA’s Asset Management Market Study was a lack of competition among fund providers on fees and charges. The regulator’s response was to create new rules requiring authorised fund managers (AFM) to conduct an annual assessment of value (AoV) of their fund. The requirements are set out in COLL […]
The FCA has published policy statement PS21/6 – Implementation of Investment Firms Prudential Regime (IFPRU). The policy statement alone fills 123 pages with an additional 237 pages of near final rules and form templates. By any measure this is a hefty document, and it is absolutely stuffed with jargon and snappy yet baffling […]
We completed the latest upgrade to ATEB Suitability on 9th July 2021. This update comes at no additional cost and provides various template & content management enhancements as well as performance improvements when recommending/reviewing multiple investment/retirement plans. Full details of the enhancements can be found in the tables below, but some of the highlights are: Upgraded […]
Following consultation, the FCA published final guidance on vulnerable clients in February 2021 (FG21/1). We wrote about this topic and the regulator’s guidance as it arose. You can read those previous articles here and here. In our February article, we overviewed the final guidance, the definitions around vulnerable clients and how to identify them. […]
PS21_5 General Insurance Pricing Practices Market Study – implementation timing update
Michael Senior Compliance 2021, FCA, Update
The FCA has issued an addendum that delays the implementation of the rules relating to premium finance disclosure from 01 October 2021 until 01 January 2022. The updated article can be found here https:/ps21_5-general-insurance-pricing-practices-market-study