Dual regulated firms must have submitted their Directory Persons data on the FCA’s Connect system – by the deadline of 13 November 2020. The FCA will publish and maintain the data from 23 November 2020, as it is submitted. The data will be published on the Financial Services Register.
Solo-regulated firms must submit their Directory Persons data via Connect by the deadline of 31 March 2021 using the single entry submission form. Earlier dates apply if firms wish to use the multiple entry submission form and/or if they wish their data to appear from earlier dates starting in December.
The FCA will begin to incrementally display data from solo-regulated firms as it is submitted – the data will start to be published from 14 December 2020. The last date for single entry submissions to appear from the outset of this publication is 9 December 2020.
Pension Transfers – considering a workplace pension
Alistair MacDougall Compliance Defined Benefit, FCA, Pension, Pension Transfer, PI, Switch, transfer
We recently reviewed a pension transfer report where the client was recommended to transfer out of the defined benefit scheme into the client’s pre-existing SIPP. We considered that the recommendation to transfer appeared to be appropriate. However, the client had what the FCA calls an ‘available qualifying scheme’, more commonly referred to as a […]