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 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 […]