Compliance

FCA plans changes to handbook, FAMR and the way it collects fines

This blog rounds up several changes the FCA intends to make in 2019, relating to its approach to supervision and its approach to collecting fines. Assessing the Retail Distribution Review and the Financial Advice Market Review At a conference on 31 October, acting head of strategy Richard Monks announced that the regulator will carry out [...]

Dec 7th, 2018|Compliance|0 Comments

Corporate culture and regulation

On 6 November, the Financial Conduct Authority (FA),  Chief Executive Andrew Bailey gave a speech looking at the role of regulation in encouraging good culture. What is the regulator’s view on the link between regulation and cultural compliance? Can a rulebook dictate culture? Bailey started by saying that ‘In the traditional world of regulation, rules [...]

Nov 30th, 2018|Compliance|0 Comments

What is the CTI? latest update on new cost transparency templates

On 7 November, the Cost Transparency Initiative was launched. The CTI is a partnership between the Pensions and Lifetime Savings Association (PLSA), the Investment Association (IA), and the Local Government Pension Scheme (LGPS) Advisory Board. It is an independent group designed to improve cost transparency for institutional investors, and is responsible for progressing the work already [...]

Nov 19th, 2018|Compliance|0 Comments

How long must you display legal supers?

There are strict rules about for how long you must display legal supers on TV adverts in the UK. The ‘duration of hold’ can depend on the subject of your ad and the type and length of legal super. Clearcast have created this tool so you can instantly work out the requirements for your legal [...]

Nov 14th, 2018|Compliance|0 Comments

How will the FCAs new market study affect you?

What is the Financial Conduct Authority's (FCA) new market study and how will it affect you? The FCA has launched a new market study. The study will investigate how general insurance (GI) firms charge their customers for home and motor insurance. The study makes good on a promise the FCA made in its 2018-19 Business Plan, when [...]

Nov 12th, 2018|Compliance|0 Comments