Financial Services Authority to Financial Conduct Authority: the Final Transition
The Financial Services Authority (FSA) outlined in its Policy Statement PS13_5 (the new FCA Handbook) timescales for regulated firms to fully comply with the disclosure rules detailed in handbook GEN 4 & 5.
Firms had 12 months from the inception of the new Regulator on 01 April 2013 to fully comply with the disclosure rules and ensure that stationery and disclosure documents include ‘Authorised and Regulated by the Financial Conduct Authority’.
Note that the disclosure should be written in long hand rather than abbreviated to ‘FCA’.
Pension transfers – considering life cover
Alistair MacDougall Compliance 2015, Drawdown, FCA, Pension, Pension Transfer, PI, transfer
We have seen a very large number of pension transfer suitability reports since the introduction of the pension freedoms that came out of the Pensions Act 2015. Many of these displayed two common threads running through the recommendation. First, many of the clients apparently wanted ‘flexibility’. Second, those same clients wanted ‘control’. These two […]