CP26/10 and the FCA’s ongoing advice data request are nudging the industry in a direction it should already be moving, writes Nick Eatock
The Financial Conduct Authority's scrutiny of ongoing advice has been building for some time. CP26/10, its consultation on simplifying the pensions and investment advice rules, followed by a questionnaire to a number of firms on their remediation processes, makes clear that ensuring clients are compensated where services haven't been delivered remains a live priority. That is adding to the pressure to demonstrate that your ongoing services are being consistently delivered and properly documented. These developments shouldn't be seen as a one-off compliance exercise to check if cli...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes



