July/Aug 2019
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Latest - REGULATION / COMPLIANCE

  • Positioning for the future in an industry where uncertainty rules

    22 August 2019

    By Cathi Harrison, managing director, Apricity Two contradictory headlines sitting side-by-side tickled me recently – one saying that the platform market needs to shrink and the other announcing the launch of a new one. It is, however, very common in financial services, and indicative of the industry as it stands that, to put it...

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  • PROD rules and risk tolerance – an overview

    21 August 2019

    ATEB Solutions director Steve Bailey takes a look at the implications of the new FCA PROD Sourcebook, which he points out, has the force of rules not just guidance Somehow, in the torrent of MiFIDII, GDPR, DB Transfer and myriad other rule changes during 2018, and with no let up in the flow of...

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  • Apricity launches SM&CR Implementation Day service

    20 August 2019

    Compliance firm Apricity has launched a new service to help advisory businesses prepare for the upcoming Senior Managers & Certification Regime (SM&CR) 9th December deadline. The SM&CR Implementation Day service will see Apricity professionals spend a day in a firm, helping senior management to fully prepare and implement the new regulatory changes into their...

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  • What impact the FCA’s contingent charging proposals on advice process?

    11 August 2019

    ATEB Consulting’s Steve Bailey assesses the FCA’s paper on contingent charging with regard to DB pensions transfers and what the proposals would mean for advice firms and paraplanners. The FCA consultation paper CP19/25 covered a wide range of proposals that will have a significant impact on firms providing transfer advice, including that contingent charging...

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  • Opinion: Shouldn’t contingent charging ban be applied across the board?

    8 August 2019

    Andrew McMillan, head of planning at Octopus Wealth, says he finds the FCA’s decision “odd”, with the potential unintended consequences It’s certainly clear that there can be conflicts of interest with contingent charging. It’s also clear that defined benefit (DB) transfers are usually not to be advised for typical clients. Where they are warranted,...

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  • Expectations for DB pension transfers turnarounds under PASA guidance

    4 August 2019

    ATEB Consulting’s Steve Bailey looks at what paraplanners and administrators can expect in terms of efficient turnaround of DB pension transfers under the guidance published by PASA. The Pensions Administration Standards Association (PASA) recently issued part one of its guidance on DB Transfers and relates to ‘standard’ or straightforward cases. Part two will cover ‘non-standard’...

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  • Hear from Rory Percival at this autumn’s Technical Insight Seminars

    31 July 2019

    This autumn – September to November – we will be taking the Technical Insight Seminars to eight more venues around the country, including new venues Glasgow 18/9, Leeds 2/10 and Reading 23/10. We will be joined once again at selected venues by ex-regulator Rory Percival. Hear what Rory will be talking about in his session.  The seminars...

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  • FCA to impose contingent charging ban over fears of ‘unsuitable advice’

    30 July 2019

    The FCA has proposed a ban on contingent charging for defined benefit transfers in a bid to stop consumers receiving unsuitable advice. In its latest consultation paper, the regulator warned it fears too many advisers are delivering poor advice, driven by conflicts of interest in the way they are paid. According to the findings,...

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