The FCA’s Online Notifications and Applications (ONA) system has been replaced by a new system called Connect.
For more information, please see here.
The FCA has issued emails advising individuals that they have been registered as a new user; they must activate their account, create passwords and complete security questions.
All firms have been issued with these emails but we are already aware of some firms not been able to locate them.
It is important that you update and start using the new Connect system since only existing draft applications will be allowed to complete on the ONA system, and these must be done before 01 December. All new applications and notifications must be carried out through Connect.
Should clients take Abridged Advice?
Paul Caine Compliance 2018, abridged, DB Pension, FCA, MiFID, Pension, Pension Transfer, Switch, TCF, transfer
Assessing suitability has always essentially been based around the same overarching principles … The recommended product type should meet the client’s profile and needs? The actual product recommended should be the most suitable, taking account of features and costs. In relation to the second principle, the cliché about cheapest is not necessarily the […]