The amount of compensation that the FSCS can award is complicated and varies depending on the product type.
As such, the links below are informative and provide for useful reference.
Guide to the Financial Services Compensation Scheme.
Link to the FSCS Products website. Use the menu on the left hand side to navigate to detailed information about different product types.
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.
Information only.
For reference and for validating the information that must be provided in your disclosure documentation.
We completed the latest upgrade to ATEB Suitability on 20th March 2022. This update comes at no additional cost and includes new Content Integrations as well as a number of additions to our Content Management libraries. New Content Integration with Defaqto Engage Defaqto have supplied their risk profile definitions and descriptions from Defaqto Engage for […]
The FCA is devoting a great deal of weight to its upcoming Consumer Duty regulations. These will be finalised in July 2022 when the policy statement is expected. Final consultation closed on 15 February and can be read here. We wrote recently about the potential impact of the new rules on research and due […]
Readers will be aware that, following the invasion of Ukraine by Russia, the UK Government, together with other countries, has imposed a number of financial sanctions on organisations and individuals that are deemed to have connections with the Russian Government. While these are most likely to affect Banks, Investment Funds and other institutions that have […]
We have completed the latest upgrade to ATEB Suitability on 13th March 2022. This update comes at no additional cost and provides a number of Mortgage Advice template related enhancements and updates to the Retirement Advice functionality. Full details of the enhancements can be found in the tables below, but some of the highlights are: New […]
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 […]