Advisers have welcomed the Financial Conduct Authority’s (FCA) temporary softening of 10% drop notifications, but believe the requirement for notices each quarter was unnecessary.
Upon reading the FCA's latest Dear CEO letter, in which the regulator said it would temporarily soften its stance on 10% portfolio drop notifications, former FCA man turned consultant Rory Percival (pictured)...
Upcoming regulatory work
Jump in phishing and 'smishing' tactics reported
Administrative fee waived
Sector unlikely to be cause of any impending financial crisis
As important as DB transfers
Customer numbers rise an average 3.1% across all providers
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Defer to 2021/2022