Retail News - Complyport UK Consultancy Service

Robo Advisers Present a New Set of Risks

Advice is complex. Consider two financially identical individuals living in the same street with the same job, mortgage and commitments. Taking the bare facts, the robot adviser will reach the […] [...]

Making the FCA Application for Consumer Credit Easier

The FCA has launched a series of step-by-step guides aiming to support consumer credit firms in completing their application for full or limited permission using our FCA Connect application system. […] [...]

Pension Changes to Enhance Consumer Protection

After much debate the FCA is proposing changes to the pension rules to address the risks and challenges faced by consumers in the new retirement market. The FCA’s paper contains […] [...]

Financial Advice Market Review

The FCA and HM Treasury has launched the Financial Advice Market Review (FAMR). The review will examine how financial advice could work better for consumers. The review will consult in […] [...]

FCA Regulation Roundup August – Highlights

Complaints Handling The FCA has published final rules on complaints handling. In summary the changes are: An extension of the ‘next business day rule’, where firms can handle complaints less […] [...]

Performance Management

The FCA has published Guidance on the risk to customers from performance management at firms (FG15/10) – the paper advises that it will be relevant to all types of firm […] [...]

FCA Restructure and Supervisory Model

The FCA’s Business Plan for 2015/16 – see previous article in this Regulatory Roundup – advises us that to help embed its new strategy the FCA has made some changes […] [...]

PRIIPs

Regulation 1286/2014 on the provision of Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs) came into force on 29 December 2014 – although it will not […] [...]

Platform Charges

It has been a long time coming – e.g. see Regulatory Roundup 33 from August 2011 – but the final policy statement on platforms and charging has now been published […] [...]

On Track: Retail Distribution Review

The FSA has published its latest guide on the Retail Distribution Review in response to calls for help from the industry (and incidentally which reports that firms believe that implementing […] [...]

Suitability: ESMA Guidance

It may be recalled that ESMA issued a consultation paper towards the end of last year (see Regulatory Roundup 38) concerning guidance on certain aspects of the MiFID suitability requirements. […] [...]

Suitability: Draft Guidelines

‘Suitability’ can be found in COBS 9 of the FSA Handbook and is largely, although not exclusively, driven by MiFID requirements. As a reminder, the concept of suitability applies to […] [...]

Risk and Suitability

As may be recalled, the FSA issued a ‘Dear CEO’ letter in June (see Regulatory Roundup 31) on the matter of ‘suitability’ (COBS 9) which referenced a review of 16 […] [...]

Retail Distribution Review

The FSA has published consultative guidance covering the ‘Top questions asked at the Retail Distribution Review (RDR) roadshows’. The four page document contains 11 FAQs to ‘further clarify our rules […] [...]

Platform Alterations

The Retail Distribution Review (RDR) continues its progress (see Regulatory Roundup 32 for the most recent update) with the publication of PS11/9 ‘Platforms – Delivering the RDR and other issues […] [...]

RDR: Delay Recommended

The FSA’s Retail Distribution Review (RDR) will have an impact on retail advisors (not just IFAs but advisers within stockbrokers, asset managers, banks etc.) in respect of commission payments (to […] [...]

FSA and Inadequate Procedures

The previous article concerning submissions to the FSA is based upon published complaints against the FSA. One other published complaint concerned an individual’s dispute with the FSA over what was […] [...]

Category: Retail News

Robo Advisers Present a New Set of Risks

Making the FCA Application for Consumer Credit Easier

Pension Changes to Enhance Consumer Protection

Financial Advice Market Review

FCA Regulation Roundup August – Highlights

Performance Management

FCA Restructure and Supervisory Model

PRIIPs

Platform Charges

On Track: Retail Distribution Review

Suitability: ESMA Guidance

Suitability: Draft Guidelines

Risk and Suitability

Retail Distribution Review

Platform Alterations

RDR: Delay Recommended

FSA and Inadequate Procedures

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