New documentation includes a pack for protection and insurance, annual review email templates, sales aids and pre-approved marketing templates.
Related topic: Regulation
Commercial lawyer and regulatory specialist Chris Croft from Bellevue Law addresses the questions advisers in the financial sector need to answer to be compliant with the FCA's new...
The regulator’s findings come only days away from the introduction of the Consumer Duty.
With less than a week to go until the Consumer Duty changes come into effect on the 31st July, Karan Kapoor, global head of regulatory and risk consulting at technology and consulting...
Majority of IFAs think FCA has been unclear (70%), unhelpful (66%) and unresponsive (62%) in the build up.
The PRA judged that the firms’ risk management oversight and practices fell "well below the regulatory standards required".
44% of advisers believe profitability will decline as a result of the Consumer Duty.
57% of advisers have made changes to the way they approach protection as a result of Consumer Duty.
Firms can apply from the banking, investment, lending, payments, insurance and pensions sectors.
There are currently around 35,000 ARs, including introducer ARs, operating in the AR regime, down from 43,000 in 2020.