Top 7 risk profiling issues
It's the time of year for lists so we have listed our top 7 risk profiling issues.
Compliance
FCA restriction on the promotion of mini-bonds
A temporary restriction on the promotion of min-bonds is effective from January 2020, pending a wider consultation on permanent restrictions.
FCA Connect – New Requirement for firms from January 2020
From January 2020, firms will be required to submit their mandatory annual update via Connect.
Do you need discretionary permissions?
Firms need discretionary permissions to outsource to a Discretionary Investment Manager.
Pension Transfers – GMP Equalisation
The decision in the Lloyds Bank Equalisation case has difficult implications for schemes and advisers.
Fair Treatment of Vulnerable Clients
The FCA is gathering information from firms in relation to the fair treatment of vulnerable clients.
Pension Transfers – FCA letter to firms
The FCA is continuing its mass mailing of a letter to firms that have done transfer business - action is […]
Capacity for Loss – so misunderstood!
Capacity for loss continues to be misunderstood by firms, and the providers of third party tools that purport to assess […]
Transfer advice – the impact of ongoing charges
Clients should not transfer unless that is in their best interests. The impact of initial and ongoing charges is one […]
SM&CR forms
Are you aware of all the forms associated with the SM&CR?