The UK has now left the EU. We are in a transition period which is due to end on 31 December 2020. While most rules and requirements continue unchanged during the transition for most firms and most clients, it is prudent to keep up to date on the current position and what is likely to happen when the transition period ends.
The FCA has gathered all its BREXIT related information and links here.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
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Yet another switch has been found wanting at the FOS.
Will you be ready for the SM&CR review when it comes?
A sea change of focus hidden in a subtle change of terminology.
You are probably familiar with the concept of a target market under PROD rules. What about the negative target market?
Pension Transfers – need to consider a workplace pension
Alistair MacDougall Compliance 2020, Mortgage, Pension, Pension Transfer
Firms providing pension transfer advice must consider an available workplace pension as a destination for any transfer.