Please see the third issue of Pensions News here .
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The FCA have been running CCL roadshows and there are some important issues arising that may affect you if you currently hold a licence or will potentially need one.
If your PI policy has non-compliant excess or exclusions written into it, you will need to hold additional capital reserves.
We have summarised the key points from recent FCA MMR Intermediary Workshops in this news article. There are some interesting points for mortgage advisory firms to note.
This is an area that causes the FCA concern.
How do you ascertain that your Attitude to Risk grading is ‘mapped across’ (i.e. is equivalent to) any risk rated fund that you subsequently recommend?
Financial Promotions – FCA Issues Warnings
Steve Bailey Compliance FCA, PI, Xplan
The FCA is stepping up its scrutiny on financial promotions by actively monitoring promotions and issuing warnings to firms that breach the rules.