The FCA has published an alert to all Principals, regardless of sector, who have one or more Appointed Representatives or Introducer Appointed Representatives (‘ARs’). Principals are responsible for the regulated activities of their ARs. The alert sets out the risks that the FCA expects firms to consider and act upon, where relevant.
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This is a follow up to previous alerts about the risks involved in dealing with Introcuders. All Principal and Appointed Representative firms should read it.
For information.
Transfer advice is complex and may not always be able to be delivered properly before the CETV guarantee expires.
Both of these carry risks for firms. It is essential to understand the regulatory position.
The FCA is planning a new platform to collect data from firms.
What timescales and standards should Scheme Administrators be working to when a member wishes to transfer benefits?
BREXIT latest FCA position statement
Alistair MacDougall Compliance 2019, 2020, FCA, GDPR, Pension, PI
Given recent changes in the UK’s position on BREXIT, the FCA has updated its guidance.