We wrote with details of the latest FCA survey. You can read those details here. The FCA has now extended the response dates as indicated below.
“On 19 July 2021, we sent the below e-mail informing you of our plans to issue a Covid-19 Impact Survey to firms in Tranche 1 for a fifth time. In recognition of the holiday period in August we have decided to extend the survey completion date. Please see new dates below:
Batch 1: to be sent on 2 August 2021 – response due by 13 September 2021
Batch 2: to be sent on 3 August 2021 – response due by 14 September 2021
Batch 3: to be sent on 4 August 2021 – response due by 15 September 2021
Batch 4: to be sent on 6 August 2021 – response due by 17 September 2021
No other changes have been made; the survey questions and supporting material remain the same.”
Should clients take Abridged Advice?
Paul Caine Compliance 2018, abridged, DB Pension, FCA, MiFID, Pension, Pension Transfer, Switch, TCF, transfer
Assessing suitability has always essentially been based around the same overarching principles … The recommended product type should meet the client’s profile and needs? The actual product recommended should be the most suitable, taking account of features and costs. In relation to the second principle, the cliché about cheapest is not necessarily the […]