As we near Halloween and reach the twilight of our journey, we thought this might be appropriate.
Without wanting to scare the living daylights out of you, could your suitability reports come back from the grave to haunt you sometime in the future?
Over the many years that we’ve worked in this industry, there have been countless episodes of retired advisers being chased by the FSCS, lawyers or ambulance chasers.
The best defence you have is a robust client file and of fundamental importance is a fit for purpose Suitability Report.
We leave our journey from A – Z therefore by imploring you, whether or not you use ATEB suitability, to ensure that your suitability reports are of the highest possible quality.
FCS Transitional Arrangements
Steve Bailey Compliance Update
As you will be aware the Financial Services Authority ceased to be and the Financial Conduct Authority took over the regulation of financial advice firms on 01 April 2013.
The FSA issued PS13/05 last week which includes updated rules and transition arrangements. The policy statement itself is 88 pages but the ‘appendix (3)’ that accompanies it is a mere 1990 pages so you must excuse us for not as yet absorbing every word. The document can be seen here.