IFAs must review clients before A-Day, says FSA

Sarah Wilson, FSA director of retail markets, says: “It is clear that much work is going on in many firms but, with just six months to go, both firms and advisers now urgently need to start planning for the changes if they have not already done so.” In particular, IFAs must ensure their systems and controls, including IT and other legacy systems, are updated to cope with the changes. Wilson says IFAs “need to make sure that the information provided to their customers – including in pension projections and benefit statements – is accurate and sent with no undue delay, to avoid any potent...