CP 21/34 – Improving the Appointed Representatives regime
The FCA has launched a consultation (CP21/34 ) which is intended to improve the appointed representatives regime and tackling harm […]
Compliance
FCA consults on new fees for 2022/23
The FCA has published a consultation paper on proposed policy changes to the way its fees will be calculated from […]
Pension transfers – considering life cover
We have seen a very large number of pension transfer suitability reports since the introduction of the pension freedoms that […]
Conduct Rules Breaches – follow up
We wrote recently about the Conduct Rules and, in particular, breaches and notifications . See here. This article is intended […]
New anti-scam rules for scheme trustees
The rights of pension scheme members to transfer, that were established in the Pensions Act 2015 are no longer absolute […]
Government Scrap Protected Pension Age Window
We previously issued a newsletter in February 2021, outlining government proposals to increase the Normal Minimum Pension Age (NMPA) from […]
Another Pension Transfer Charging Quirk
Policy Statement PS20-06 states: “A firm may set a different level of non-contingent charges if they are not undertaking the […]
Appointed Representatives – some SM&CR questions
Occasionally, we come across firms that are ‘Principal Firms’ – i.e. the firm has Appointed Representatives (AR) but where one […]
AR survey
The FCA is requesting completion of a survey from firms with Appointed Representatives (ARs). Where applicable, firms may already have […]
FCA – short feedback survey
We have received the following from the FCA. “Many of you will be aware that we issued the […]