As I am sure you will be aware the chancellor’s budget last week throws a few curve balls for the financial service industry to get to grips with. However, in true ATEB style we are getting ahead of the game and will be pushing out updates later this evening in readiness for some of the changes which start from 27th March 2014.
The updates we have made are tweaks to wordings within the Glossary of Terms and Reasons/Disadvantages of Product Recommendations. These changes focus on CGT limits, changes to drawdown rules and lifetime/ISA allowances.
We are also aware of other changes which will apply later this year and we will update accordingly.
If you have any questions or queries please do not hesitate to contact us here.
Consumer Duty starts to take hold
Lisa Cross Compliance
Consumer Duty rules will take full effect from 31 July 2023. However, it is starting to show its face already. This message is now appearing on Connect in some circumstances. “The majority of firm types that need to apply for authorisation or existing firms seeking to vary their permissions will need to comply with […]