Handover Packs
In recent years the Financial Conduct Authority have taken a greater interest in the steps that a Firm has in place should the Executive Responsibilities of a Director have to transfer to another person. Firms are expected to provide details of any handover procedures already in place. Fine if there is an opportunity for the […]
Consumer Duty : Post Implementation
Firms had until 31 July 2023 to fully implement the new Consumer Duty Rules for open books of business. Now the fun starts. We expect the FCA to call upon Firms to clearly evidence the step changes that have been introduced as a result of the new rules. This is a journey not a destination […]
FCA Consumer Duty: What Financial Advisers Need to Know
The Financial Conduct Authority (FCA) has introduced a new Consumer Duty, which sets higher standards for consumer protection in financial services. The Duty came into effect on 31 July 2023, and firms have until 31 July 2024 to implement it fully. The Consumer Duty has three main objectives: To ensure that firms act to deliver […]