Attitude to risk. It’s not just about the score
An old proverb says that a bad workman blames his (or her, as the case may be) tools, but do […]
FOS
Do you mark your own homework?
Most firms will have at least vague recollections of the FSA’s thematic review of pension switching and the report it […]
Consumer Duty – Identifying Foreseeable Harm
Niels Bohr, the Nobel laureate in Physics and father of the atomic model, is quoted as saying, “Prediction is very […]
FOS updates
The FCA has announced a call for input. We’ve published a call for input on whether the thresholds […]
PS22/14 – Consumer redress scheme for unsuitable advice to transfer out of the British Steel Pension Scheme
This article will be of relevance to firms who have provided pension transfer advice to members of the British Steel […]
Changes coming to the Appointed Representatives Regime – and soon!
FCA recently published Policy Statement (PS22/11) announcing some key changes to the Appointed Representatives (AR) regime, affecting both AR firms […]
FG22/4 – FCA approach to compromise arrangements
The FCA has issued final guidance (FG22/4) for regulated firms entering into, or considering entering into compromise arrangements with creditors […]
FOS Award limit increased
In March 2019 the FCA published PS19/8 to increase the ombudsman service’s award limit from £150,000 to £350,000 for complaints […]
CP 21/34 – Improving the Appointed Representatives regime
The FCA has launched a consultation (CP21/34 ) which is intended to improve the appointed representatives regime and tackling harm […]
Managing drawdown
In recent months, firms have been asking us about the process for managing drawdown plans. What do the rules require? […]