September 2017
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Latest - REGULATION / COMPLIANCE

  • FCA stresses pension transfer expectations

    30 January 2017

    The regulator has warned over use of hypothetical investment solutions and basing the validity of a pension transfer or switch solely on critical yield. The FCA’s latest alert has set down its expectations of firms undertaking pension transfers or switches. The regulator warned advisory firms advising on pension transfers or switches from a defined benefit (DB)...

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  • PFS CEO Keith Richards comments on FCA’s FSCS funding paper

    14 December 2016

    The FCA today published FCA Consultation Paper – Reviewing the funding of the FSCS, in which the Regulator announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS), including a consultation on a number of specific changes to its scheme rules. Keith Richards, chief executive of the Personal Finance Society,...

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  • Technical Insight Seminar: Q&A with Chris Hewitt

    1 December 2016

    To finish his presentation at the Professional Paraplanner Technical Insight Seminar in Bristol, Chris Hewitt, lead associate with the FCA took questions from the floor. Here we highlight some of those questions. Q: The first question from the floor was how paraplanners should reconcile the client’s perception of the investment term, which often can...

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  • Technical Insight Seminar: Suitability Reports

    30 November 2016

    Delegates at the Professional Paraplanner Technical Insight Seminar in Bristol heard from Chris Hewitt, lead associate with the FCA, in respect of the construction of suitability reports, where he explained the document’s purpose was not to cover the firm’s back but to help the client understand the advice and recommendations. Chris Hewitt started the session by...

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  • Technical Insight Seminar: FCA on Risk

    29 November 2016

    At our recent Technical Insight Seminar, Chris Hewitt, lead associate with the FCA, provided insight into some of the practical issues the Regulator sees as requiring attention in the processes and procedures of advisory firms. Here we look at issues highlighted by Hewitt in respect of assessing and describing risk. Hewitt commended to paraplanners...

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  • Technical Insight Seminar: Chris Hewitt – Know Your Client

    28 November 2016

    Chris Hewitt, lead associate with the FCA, provided insight into some of the practical issues the Regulator sees as requiring attention in the processes and procedures of advisory firms. Here we look at issues the Regulator highlighted with the Know Your Client process and how adviser firms could tackle them. Hewitt started his presentation...

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  • Impact of FCA asset management Market Study on platforms

    21 November 2016

    Nucleus CEO David Ferguson comments on the FCA Asset Management Market Study interim report The FCA published its interim findings on competition in the asset management sector this morning. The first response I saw was ‘at last’. Whether or not it could have arrived sooner, the report includes some pretty incisive and stark observations....

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  • FCA Market Study interim report – the Regulator’s concerns and proposals and industry comment

    18 November 2016

    In its Asset Management Market Study interim report published today, the FCA said that the evidence suggests there is weak price competition in a number of areas of the asset management industry. This, in turn, it concluded, had a material impact on the investment returns of investors through their payments for asset management services....

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