We recently posted a news item about the need to apply for interim FCA permissions before the end of November 2013 in order to benefit from a discount.
We have recently attended a seminar where the FCA Authorisations department estimated that they will receive around 51,000 applications. What is interesting is that they estimate that only 39,000 applicants actually require a licence.
Prior to applying therefore and potentially wasting money, you should fully understand when the CCL licence is required. This link provides a useful summary.
One other thing to note. You need to check that your current licence is correctly set up. If it is not, you should amend the licence with the Office of Fair Trading (OFT) prior to applying to the FCA for interim permissions.
FCA Retirement Income Advice Survey – a threat or an opportunity?
Paul Jay Compliance 2015, EBI, FCA, Lifetime Mortgage, Mortgage, Pension, PI, platform, transfer
We drew attention to the FCA’s Retirement Income Advice Survey in our ‘What lies beneath?’ article last month and there has been plenty of commentary in the industry press about the survey since, most of it covering how generally intrusive and onerous completion is, but are there some benefits to be had here? It’s hard […]