There are four 'prescribed responsibilities' (PRs) a firm must allocate to its senior managers, writes Richard Nuttall, although a fifth applies if the firm is authorised to hold client money/assets - that is, a 'CASS' firm.
Please bear in mind that PRs apply to ‘core' firms only. They do not apply to ‘limited scope' firms, such as sole traders or limited permission consumer credit firms. Firms should decide which senior...
Maximum 30% of redress
Third Covid-19 resilience survey sent to advisers
Rise in clone scams
Managers plea for clarity over passporting rights
From new attitudes to life, to how they approach investing, the wealth outlook is different for baby boomers, millennials and generation Z. Professional Adviser investigates how this may impact their retirement.
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
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