Menu
FCA Publishes Its Response To Appropriate Qualifications Consultation

The FCA has published a Policy Statement, PS17/11, following its consultation about Appropriate Qualifications CP16/24. While this was mainly aimed at Accreditation Bodies you should be aware there are some minor changes to the TC Appendices.

One of the areas consulted on was the possibility of changing the Equity Release qualification. However, based on replies received, the FCA has decided that there is no market need for a change to the appropriate qualification for equity release.

In addition to the above, the FCA does have a best practice page on its website for recruiting, training and supervising staff.  We recommend T&C supervisors familiarise themselves with this page.  

Don’t forget to check Our View about this article and the Actions Required By You

FCA Publishes Its Response To Appropriate Qualifications Consultation

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

There are minimal changes following the consultation period but relevant T&C supervisors need to be aware they need to review appropriate qualifications tables when considering adviser and firm requirements.

Action Required By You

  • Be aware of the need to review TC qualification pages before discussing qualifications with staff;
  • T&C supervisors should review the recruiting, training and supervising staff page.

ATEB clients should speak with their account manager as necessary; otherwise contact ATEB here to find out how we can help.

SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

iboss bg

New Content Integration with IBOSS Asset Management

Suitability , , , ,

We have some exciting news on the latest upgrade to ATEB Suitability on 1st August 2024. This update comes at no additional cost and provides a new addition to our content integration library.     We have partnered with IBOSS to provide our customer firms with access to the following: A description of their service A […]

Read More
atebsuitabilityXplannr bkg

New Data Integration with Plannr

Suitability , , , ,

We are thrilled to announce that Plannr CRM has been added to our list of data integration partners.     Presenting a seamless integration between Plannr and ATEB suitability. Improved efficiency in creating suitability reports! Within Plannr, you can access ATEB Suitability directly through your client record and pre-populate your client data within our suitability report […]

Read More
News bkg

Content Management Update – Providers, Platforms & Investments

Suitability , , ,

We have completed the latest upgrade to ATEB Suitability on 6 June 2024. This update comes at no additional cost and provides various updates to our ‘Content Management’ libraries. Full details can be found below: ‘Provider/Platform’ Descriptions Our current library bank of ‘Provider/Platform’ descriptions has been fully updated, including new assets under management (AUM) figures. […]

Read More
iStock-1497846774

EBI (Evidence Based Investing) – Content Integration Update

Suitability , , ,

We have some exciting news on the latest upgrade to ATEB Suitability on 3 May 2024. This update comes at no additional cost and provides some new additions to our EBI content integration.     We have updated our EBI content integration with the following portfolio ranges: Vantage Impact: Vantage Impact 20 Vantage Impact 40 […]

Read More
Abstract 3D render

Tax Year End Update

Suitability , , ,

Our report writing software has been fully updated on 6th April 2024 to accommodate changes to allowances, rates and reliefs for the 2024/25 tax year. Full details can be found below: Pensions Existing ‘Lifetime Allowance’ wording removed and replaced with new ‘Lump Sum Allowance (LSA)’ and ‘Lump Sum and Death Benefit Allowance (LSDBA)’ wording. In […]

Read More
Load More