We wrote a few weeks ago about incoming changes to how firms access their FCA systems to upgrade data protection. You can read that article here.
The new system will replace the current 6-digit passcode with the user needing to log in using a One Time Passcode (OTP).
The implementation date of 20th January has now been delayed until Thursday 2nd February.
We will provide further updates as and when these are available.
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More Choice – More Flexibility – More Relevance
A increasingly common desire since pension freedoms were introduced in 2015 … but advisers should be wary!
Many firms will need to make changes to their suitability processes.
Something to watch out for when advising clients with enhanced TVs.
Senior Managers Regime
Alistair MacDougall Compliance 2016, FCA, SM&CR
This will be extended to all firms during 2018 and has some significant impacts.