Let’s be honest about it, there aren’t too many regulatory documents that are going to be nominated for a Booker Prize.
There is however some FCA reading that qualifies for the financial services industry equivalent, the Parrot Prize. Ok, so we may not expect you to be able to recite them parrot fashion, but you should nevertheless fully understand them, because they explain the core regulatory framework for IFA businesses.
Here are the documents in question:
- Finalised Guidance 12_16 Replacement Business and Centralised Investment Proposition here.
- Establishing the risk a customer is willing and able to take and making a suitable investment selection here.
- Independent and restricted advice here .
- RDR Fact Sheet 007 disclosing your firm’s charges and services here .
RDR Thematic Reviews



Should clients take Abridged Advice?
Paul Caine Compliance 2018, abridged, DB Pension, FCA, MiFID, Pension, Pension Transfer, Switch, TCF, transfer
Assessing suitability has always essentially been based around the same overarching principles … The recommended product type should meet the client’s profile and needs? The actual product recommended should be the most suitable, taking account of features and costs. In relation to the second principle, the cliché about cheapest is not necessarily the […]