The FCA has issued two unambiguously titled pension alerts that are essential reading for advisers that provide advice on pension transfers.
We will not summarise the documents here as they are concise, self-explanatory and very relevant. Follow the links below to read the alerts.
‘Advising on pension transfers – our expectations’ is aimed directly at advisory firms.
‘Pension scheme operators are at risk from smarter scams’ will also be of interest to advisers.
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These alerts are essential reading for every firm and adviser involved with Pension Transfer advice.
A temporary solution if there are problems obtaining an LEI in time for any affected transactions from 3 January 2018.
There are some apparent anomalies in the rules. We have obtained ‘clarification’ from the FCA.
The FCA has clarified some aspects of how the recording rules will apply to firms that are not Article 3 Exempt.
How will changes to compliance governance affect your company?
MiFID II – Aggregated costs disclosure
Alistair MacDougall Compliance 2017, 2018, 2019, MiFID, PI
This new requirement is posing some questions about how it can best be implemented. We think that firms should wait until the mechanisms in the market place are a little clearer.