FSA to run CIPs and replacement business seminars

Published last month, the guidance set out good and practice for the use of CIPs, how advisers should go about using discretionary fund managers, and what they need to do to make sure clients' best interests are served. It followed on from a thematic review of the use of CIPs, which unearthed widespread failings at some firms. Supervision staff from the FSA will now host a series of three-hour interactive discussion based seminars this autumn, where they will explore the issues raised in more depth and explain to advisers how they can improve their existing processes. "This seminar...