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.
Can the FOS consider complaints after they have been through the legal system?
The FCA will be replacing its existing Financial Services Register with an enhanced Financial Services Register on 27 July.
A brief reminder for firms about the FCA’s RIA complaint notification requirements.
This article looks at the requirement to consider the client’s workplace pension as a target for any pension transfer.
Outsourcing to cloud and other IT service providers
Alistair MacDougall Compliance 2016, 2018, 2019, 2020, Data Protection Act, FCA, GDPR, Pension, PI, Update
Existing FCA guidance continues to apply rather than new EU guidelines.