A reminder that we are running a supervisor’s training workshop on the 25th September.
It is important that firms can demonstrate that they meet the FCA’s rules and guidance and specifcally that “Firms should ensure that those supervising employees ……. have the necessary coaching and assessment skills ….. to act as a competent supervisor and assessor.
Find out more about our workshop here.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
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The FCA is gathering information from firms in relation to the fair treatment of vulnerable clients.
The decision in the Lloyds Bank Equalisation case has difficult implications for schemes and advisers.
The FCA is continuing its mass mailing of a letter to firms that have done transfer business – action is required.
Capacity for loss continues to be misunderstood by firms, and the providers of third party tools that purport to assess it.
Do you need discretionary permissions?
Alistair MacDougall Compliance 2018, FCA, PI
Firms need discretionary permissions to outsource to a Discretionary Investment Manager.