Firms that fail to put processes in place to meet the requirements of MiFID II now will undoubtedly feel the strain - both financially and operationally - in the near future, warns Matt Riordan
As is often the case with sequels, MiFID II is more ambitious, more expansive and arguably more confusing than its predecessor. With the January 2018 deadline now less than one month away, firms throughout the financial sector have been putting the necessary strategies in place to meet MiFID II's increased compliance requirements, which aim to safeguard market quality, regain consumer trust, provide robust levels of investor protection and increase transparency throughout the industry. Transparency...
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.