Compliance and regulatory matters

Expert insight to help you stay up to date with changing regulation

Pension transfer advice: the final rules at a glance

A four-page summary of the FCA’s Policy Statement PS 20/6.

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Pension transfer advice: the finalised guidance

The FCA issued their final rules relating to DB pension transfer advice in June 2020. In order to support firms offering this type of advice to clients, the regulator subsequently issued Finalised Guidance (FG21/3) in March 2021.
As a result of the new guidance, the regulator believes it is likely that firms will need to make changes to how they:

  • Collect information about their client’s circumstances to give suitable advice
  • Use the information they collect to assess whether a DB transfer is suitable
  • Communicate their advice effectively to consumers.

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Investment Pathways

New legislation was introduced on 1 February 2021 requiring pension providers to offer Investment Pathways to certain individuals entering or topping up drawdown arrangements. Here, Paul Squirrell, our pension expert, looks at the background to this legislation and what it means for advisers and clients of the FundsNetwork Pension.

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Making transfers simpler

In order to make transfers between platforms easier, the FCA are introducing some new rules from 1 February 2021. In future, platforms will be required to work together to find common share classes so that more in-specie transfers (re-registrations) can take place

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How are transfers changing?

As part of the Meeting of Minds event with Owen James, Jennifer Belton, Senior Manager, Adviser Experience at FundsNetwork spoke to advisers about how transfers between platforms are changing in light of new FCA guidance.

Increasing the normal minimum pension age: a brief examination of the consultation paper

Here we take a look at some salient points within the consultation and makes a few observations.

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Ensuring the fair treatment of vulnerable customers

A high-level summary of the FCA’s Finalised Guidance FG21/1.

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The UK Financial Services Compensation Scheme (FSCS) and EU-domiciled funds

Now that the UK has left the EU, the FSCS protections in place have remained the same. However, access to other schemes in EU countries may have been affected. Here is a brief summary of the rules in place.

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The transition from LIBOR and other IBORs

In this document, we cover how the investment industry will be affected by the change and the possible impacts on investors.

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PROD rules for advisers

A summary of the FCA's rules related to PROD 3: MIFID and PROD 4: Insurance Distribution Directive.

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The Senior Managers and Certification Regime

A summary of the FCA’s guide for solo-regulated advice firms.

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Pension transfer advice: contingent charging and other proposed changes

A four-page summary of the FCA’s Consultation Paper CP19/25.

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Retirement Outcomes Review

A four-page summary of the FCA’s Policy Statement PS19/21.

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Investment Platforms Market Study

A four-page summary of the FCA's Market Study MS17/1.

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Pension transfer advice - A summary of the FCA’s current guidance and rules

A five-page summary of the main areas covered by the FCA‘s Policy Statement PS18/20 on improving the quality of pension transfer advice.

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MiFID II

A closer look at fund transaction costs.

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