The FCA has issued an addendum that delays the implementation of the rules relating to premium finance disclosure from 01 October 2021 until 01 January 2022.
The updated article can be found here https:/ps21_5-general-insurance-pricing-practices-market-study
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The FCA have advised they will be hosting a series of Live and Local events across the United Kingdom on the Consumer Duty from 21 February 2023 to 15 June 2023. Aimed at small and medium sized firms, the events will focus on the Retail Investment and Mortgage sectors and compliance consultants are also […]
The FCA has published proposals for a simplified advice regime, but don’t get too excited – just yet. At the end of November 2022 the FCA issued another Consultation Paper – CP22/24 – the consultation period ends on 28 February 2023. Its title – ‘Broadening access to financial advice for mainstream investments‘ – doesn’t […]
This article will be of relevance to firms who have provided pension transfer advice to members of the British Steel Pension Scheme. Note that imminent action is required. Background On 27 April 2022, PS22/4 came into force, applying an asset retention on firms that provided BSPS members with advice to transfer between 26 May […]
This article will be of relevance to firms who have provided pension transfer advice to members of the British Steel Pension Scheme. Note that imminent action is required. PS22/14 is due to come into force at the end of this month and requires firms to review pension transfer advice they have provided to members […]
CIPs and Independence – what’s all the fuss about?
Paul Jay Compliance 2020, FCA, MiFID, Pension, PI, platform, Switch, Update
Many firms are now operating their own preferred investment solution – a Centralised Investment Proposition (CIP) – which they seemingly recommend to most, if not all, of their clients. Firms regularly raise questions with ATEB around the use of a CIP. What firms are usually concerned about is whether this impinges upon their ability to […]