Browse all articles across people aspects of regulation and people development within UK financial services
The FCA has finalised stronger rules to help tackle misleading adverts that encourage investing in high-risk products. Under the stronger rules, firms approving and issuing marketing must have appropriate expertise, and firms marketing some types of high-risk investments will need to conduct better checks to ensure consumers and their investments are well matched.
How to create more of what you want in 2022 for your mortgage advisory practice. This is the second part of a two part article – Realistic, Responsible Realistic Realistic has done the rounds for many years on goal setting.
The central tenet of the FCA’s Consumer Duty is to reduce harm to retail consumers and to encourage good consumer outcomes. In December 2021, the FCA published CP21/34: Improving the Appointed Representative Regime to integrate the Consumer Duty into the ARR.
More than a decade on from the global financial crisis, you’d have thought that the regulatory architecture extending across UK financial services would be relatively settled. We appear, after all, to have learned lessons about the risks of ‘box ticking’, not seeing the wood for the trees, and the superiority of an outcomes-based ‘prudential’ approach.
How to create more of what you want in your mortgage advisory practice. This is the first part of a two part article. Long Term Visioning We start with long term visioning. How long is long? Well, that’s entirely up to you.
I am sure that we have all noticed an increase in the number of the new financial advisers in our industry who are aged twenty-something. Where are they coming from, why are they becoming advisers, and what does it mean for the clients?
Vision. It’s a tiny word that has been well and truly drowned out by all the noise of the last few years – Covid-19, lockdowns, government decisions, continued study and exams, the day-to-day complexities of running a professional practice in financial services, and not to mention, the war continuing to rage through Ukraine.
Today, the majority of our business and personal lives are dominated by our access to technology. From business platforms, personal apps and third-party providers, technology drives our daily experience. Projections show that the technology industry is set to exceed $5.3 trillion this year, as firms continue to push back the boundaries of the possible, and champion digital transformation.
The FCA has been conducting a kind of crypto-consultation on what it calls its guidance sales model. The model has had some exposure in the trade press and there are rumours that the Treasury will insert proposals into the Queens Speech in May.
This article sets out to define what we mean by “authentic compliance” and why, indeed, it is a “thing” that firms regulated by the Financial Conduct Authority (FCA) should be paying urgent attention to.
The Appointed Representatives Regime (AR) has been a big part of the retail financial services landscape for over a generation, since 1986 in fact. Its’ scope was broadened in the Financial Services and Markets Act (2000) and, since then it has remained untouched. ‘That’s strange’ you may say and for two good reasons.
You would think in a world of compliance that I wouldn’t have to write an article about the differences between ‘Standards’ and ‘Expectations’… but here we are!
