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.
The date for certifying staff has been deferred in light of the current health emergency.
The FCA has published the findings from its review of equity release advice.
The FCA is issuing a further data request to firms in the DB transfer market.
The FCA is now preparing to gradually move firms across to RegData, the new data collection platform, which replaces Gabriel.
PS20/06 – part one: ban on contingent charging
Alistair MacDougall Compliance 2020, FCA, Mortgage, Pension, Pension Transfer, PI
The first of four articles explaining the implementation and implications of Policy Statement PS20/06.