The FCA is continuing its mass mailing of a letter to firms that have done transfer business - action is required.
Capacity for loss continues to be misunderstood by firms, and the providers of third party tools that purport to assess it.
Clients should not transfer unless that is in their best interests. The impact of initial and ongoing charges is one of the key factors that must be considered.
Are you aware of all the forms associated with the SM&CR?
It is not enough for advice to be provided - it has to be understood.
What should Principal Firms do in relation to ARs?
The FCA is encouraging firms to ensure they are registered on Connect.
The FCA is writing to around 1700 firms requesting that firms review their transfer advice processes and report back.
9 December is approaching fast - are you ready for SM&CR?