How will covid-19 affect SMCR compliance?
Many financial services organisations still stuck in the Dark Ages when it comes to people management
FCA
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Ease PI burden on advisers, PFS urges
It has also asked the UK taxman to consider ‘acting as reinsurer of last resort for cover’
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£100m hike in UK lifeboat scheme levy
Estimated £44m will be used just to compensate mini-bonds victims
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Greyfriars AM and Berkeley Burke declared in default
Glasgow-based IFA business and West Midlands wealth manager also named by the UK lifeboat service
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Insurers asked to waive fees and delay payments amid covid-19
To help clients who are struggling financially during the outbreak
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UK regulator warns firms over offline clients
But it will show ‘flexibility’ in how it approaches customer communication during outbreak
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PEOPLE MOVES: FCA, Willis Towers Watson, ATC Tax
UK regulator looks to Hong Kong for CEO, as advice firm names head of investments
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Unauthorised share scheme to refund £3.6m to victims
Following high court order which deemed promotion of the products ‘unlawful’
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FCA third-party reviews soar in 2019/20
But retail investment and pension companies received relatively few
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Fewer IFAs in the UK for first time
While restricted adviser numbers rise
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FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
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How can advice firms stay afloat during covid-19 pandemic?
Many were already under pressure and should trim budgets that are no longer appropriate