Reasons for recommending a transfer or switch that are open to challenge
CP19/25 highlighted some commonly used reasons to transfer/switch that often do not stand up to close scrutiny.
FCA
SM&CR – Conduct Rules
The FCA has stated clearly that monitoring firms' implementation of the Conduct Rules will be a key focus in future […]
FCA Framework for assessing adequate financial resources
The outcome of CP19/20 could have far reaching implications for firms.
RDR/FAMR Review – Firm Information Request
What might this indicate about the FCA's areas of focus?
PROD rules and risk tolerance
All is not what it seems when considering the risk tolerance rating of different funds.
BREXIT latest FCA position statement
Given recent changes in the UK's position on BREXIT, the FCA has updated its guidance.
FCA contingent charging consultation
The FCA is proposing a series of wide ranging changes in relation to pension transfer advice, including a ban on […]
Execution only and non-advised business
Both of these carry risks for firms. It is essential to understand the regulatory position.
New FCA platform to replace Gabriel
The FCA is planning a new platform to collect data from firms.
Ongoing reviews and value for money
How can firms ensure clients get value for money in annual reviews?