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 FCA has stated that SM&CR training should not be generic.
A summary of help for businesses announced to date.
Key points from the recent FCA Data Strategy workshop.
The FCA has set out steps firms should take to help identify key workers in financial services.
FCA Trade Association COVID -19 liaison meeting
Alistair MacDougall Compliance COVID-19, FCA, Mortgage, Pension, PI, Update
Key points from a recent meeting of the Association of Professional Compliance Consultants with the FCA.