Qualification requirements for Pension Transfer Specialists
PS18/20 introduced rules to raise qualification levels for pension transfer specialists (PTSs) to require them to obtain the same qualification […]
Compliance
FCA videos – Financial Promotions and Consumer Vulnerability
Financial Promotions Case Studies The FCA has produced two short videos of the various products it regulates, and the common […]
GI – Pricing Practices Survey
The FCA will shortly be asking a sample of Insurers, Price Comparison Websites and Insurance Intermediaries to complete a short […]
PS21_5 General Insurance Pricing Practices Market Study – implementation timing update
The FCA has issued an addendum that delays the implementation of the rules relating to premium finance disclosure from 01 […]
Fund managers falling short on assessing the value of their funds
One of the issues identified in the FCA’s Asset Management Market Study was a lack of competition among fund providers […]
Implementation of Investment Firms Prudential Regime
The FCA has published policy statement PS21/6 – Implementation of Investment Firms Prudential Regime (IFPRU). The policy statement […]
What can you really do to support vulnerable clients?
Following consultation, the FCA published final guidance on vulnerable clients in February 2021 (FG21/1). We wrote about this topic and […]
Dear CEO General Insurance Intermediaries Client Money Arrangements
Following a series of financial resilience surveys and a letter issued in September last year the FCA has issued a […]
Regulation of pre-paid funeral plans
We have received the following from the FCA: “The FCA will regulate the sale and administration of pre-paid […]
Managing drawdown
In recent months, firms have been asking us about the process for managing drawdown plans. What do the rules require? […]