The FSA has issued a deadline for IFA firms to report which of their policyholders fall under the te...
The FSA has issued a deadline for IFA firms to report which of their policyholders fall under the terms of its review into the misselling of Free Standing Additional Voluntary Contribution (FSAVC) schemes. IFAs who arranged or advised on fewer than 100 FSAVC schemes have to report details of their client base that fall within the review's remit by 15 September, revised from 1 September, while the same deadline applies for IFA firms who advised on or arranged 100 to 1,000 FSAVC schemes. Firms will also be required to review the cases of all investors who request a review, irrespective of...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
