As previously advised, the FCA has now replaced Gabriel with RegData as the new data collection platform for gathering regulatory data from firms. All 52,000 firms that provided regulatory submissions in Gabriel now need to use RegData.
As part of its improved Data Quality controls, firms may receive a request from the FCA for a resubmission where errors have been identified. This can be time-consuming for both the FCA and firms. To help minimise such errors, the FCA has updated its RegData help and FAQs page which can be found here.
This updated page includes links to all the FCA’s RegData resources and includes reference to common data quality issues found within RegData submissions, as well as help text and FAQs in respect of each data request type.
Template Enhancements: Inheritance Tax (IHT) & Pensions
Doug McFarlane Suitability 2024, Budget, content management, IHT, Inheritance Tax, Pension, Pensions, PI, protection, Suitability Review, Template Enhancement, Update
To prepare for the introduction of Inheritance Tax (IHT) on pensions starting in April 2027, we have implemented the following template update: A new wizard question has been added to the ‘Current IHT Position’ table. This allows users to include pension assets in the estate value when calculating a client’s potential IHT liability. Please […]