With Consumer Duty requirements set to take effect in Q2 2023 and ahead of the final rules being published –
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In March 2019 the FCA published PS19/8 to increase the ombudsman service’s award limit from £150,000 to £350,000 for complaints
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The FCA has consulted on proposed changes to the Appointed Representatives (AR) regime. The proposed changes aim to reduce potential
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The FCA has launched a consultation (CP21/34 ) which is intended to improve the appointed representatives regime and tackling harm
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The rights of pension scheme members to transfer, that were established in the Pensions Act 2015 are no longer absolute
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The FCA is requesting completion of a survey from firms with Appointed Representatives (ARs). Where applicable, firms may already have
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In any advice scenario, it is good practice to ensure that the client is clear about what service is to
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Even with all the deferrals of deadlines around implementation of the SMCR as a result of COVID, firms should now
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Publication of the FCA’s Business Plan for 2021/22 was delayed from its usual spot in April, finally appearing at the
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Since MiFIDII came into effect in 2018, it has been a requirement on firms to take reasonable steps to record
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