FCA sets out to bust myths about its rules

One of the frustrating things about our industry is how often FCA rules are misinterpreted. This happens so often in fact that several myths have emerged that have no basis whatsoever in legislation. So when I decided to attend one of the regulator's Positive Compliance Workshops, covering independence, centralised investment propositions (CIPs) and replacement business last week, I was looking to hear exactly what's what straight from the horse's mouth. I was also hoping for more positives and less compliance. I have to say, I wasn't disappointed. Not because I learned anything new, ...