Intelliflo has gathered representatives from 11 major advice networks and advice firm customers to form a working group that aims to solve challenges advisers may struggle with in preparing for the incoming General Data Protection Regulation (GDPR).
As well as leaders of advice firms and networks representing around 2,000 advice firms, the working group also includes GDPR experts from cybersecurity specialist NCC Group and legal firm DAC Beachcroft. The working group first met in late July with the aim, Intelliflo said, of "establishing common understanding of the implications of the regulation and to allow firms to share information about how they will look to meet the requirements of the regulation". Last week, the back-office provider...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.