The FCA has set out steps firms should take to help identify key workers in financial services.
Firms need to take urgent action in relation to key workers. See full details here.
The FCA has set out steps firms should take to help identify key workers in financial services.
Firms need to take urgent action in relation to key workers. See full details here.
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Abridged advice – how is it going so far?
Alistair MacDougall Compliance 2015, 2018, 2020, 2021, abridged, Drawdown, FCA, Pension, Pension Transfer, PI, transfer
Based on data and live visits to firms during the period from April 2015 to rule changes in 2018 and 2020, the FCA believed that far too high a proportion of clients were being recommended to transfer safeguarded benefits. This was predicated on the longstanding rule which stated: “… a firm should start by assuming […]