Industry news and views from Panacea and our partners.
FSA/FCA_
Ode to RDR
In the Beginning was the Plan And then came The Assumptions And the Assumptions were without form And the Plan was completely without substance And the darkness was upon the face of the IFA
Social media promotion US style
In the summer the FSA said that some new media promotions it reviewed lacked risk warnings and others went beyond the definition of "image advertising" or did not comply with financial promotion rules.
Foot Anstey - Financial services update November 2010
In a recent speech the FSA set out some of its views on Corporate Governance and the role of senior approved persons in firms.
Last night's Commons debate: the FSA Leviathan is unconstitutional????
Last night's Commons debate was a revelation to watch. MPs from both sides of the House were united in defence of the thousands of small IFAs who feel that the FSA has ridden RDR style roughshod over them, having no regard to their rights and expectations and viewing their loss in the community as simply "loss of capacity".
Last night's Commons debate: the FSA Leviathan is unconstitutional????
Last night's Commons debate was a revelation to watch. MPs from both sides of the House were united in defence of the thousands of small IFAs who feel that the FSA has ridden RDR style roughshod over them, having no regard to their rights and expectations and viewing their loss in the community as simply loss of capacity.
Retail Distribution Review - Problems & Solutions
IFA letter of the week. The Retail Distribution Review (RDR) appears to offer solutions to matters which the FSA has identified as problematic within the industry.
Streamline your compliance with Paraplanning Online
The FSA principles of "Treating Customers Fairly" outline the need for companies to be able to demonstrate that their advisers are delivering fair outcomes and their customers are provided with a suitability report that clearly justifies the advice being given and any associated fees.
Retail Distribution Review - Problems & Solutions
IFA letter of the week. The Retail Distribution Review (RDR) appears to offer solutions to matters which the FSA has identified as problematic within the industry.
RDR View from the LSE???
The RDR debate continues to divide opinion, as we are only too aware. Citywire supports a positive view of RDR, which is of course their right and in line with the thinking of many advisers.
Help required
An IFA member needs some of your feedback soon please. "Having recently received an outrageous Ombudsman FOS decision on a specific case. Is there anyone out there that has in the last 2 years had an adjudication judged in their favour, whereby a client complaint about stock market falling at or around NRD or in retirement.
Help required
An IFA member needs some of your feedback soon please. "Having recently received an outrageous Ombudsman FOS decision on a specific case. Is there anyone out there that has in the last 2 years had an adjudication judged in their favour, whereby a client complaint about stock market falling at or around NRD or in retirement.
Open letter to Prime Minister David Cameron
IFA letter of the week - I do apologise I needed to re-send my letter to you because it contained a few mistakes - I have "man-'flu" to blame.
Liar, liar!
I never cease to be amazed at the sheer near criminal audacity of some people who purport to have been miss-sold some 20 years or so after the event.
Liar, liar!
I never cease to be amazed at the sheer near criminal audacity of some people who purport to have been miss-sold some 20 years or so after the event.
Regulatory update
Welcome to this regulatory update for which we have drawn on the content of two recent speeches, one by Hector Sants, FSA Chief Executive, and the other by Rosalie Langley Judd, Manager of Governance Policy at the FSA.
Compliance Tip - October 2010
Policy Statement 10/15 sets out a summary of the main issues arising from Consultation Paper CP10/3 and includes the final implementation rules that are designed to strengthen effective corporate governance and risk management. FSA state these proposals will help to ensure that firms have appropriately qualified, capable and experienced individuals in key positions to deliver this.