by Colin Baines | Jan 2016 | Comments
Looking back over 2015, there can be little dispute that the major event in financial services was the surprise introduction of ‘pension freedoms’. These freedoms though came with their own problems and the FCA was charged with putting in place a framework to govern...
by Colin Baines | Dec 2015 | Comments
The FCA has particular views about the use of social media and how it can involve financial promotion. We have added a new section 7.6, for our compliance manual and have added to our documents a checklist for CF10’s to use when to use when signing off communications...
by Colin Baines | Nov 2015 | Comments
This legislation, which came into force on the 1st October, is all encompassing. It replaces the Sale of Goods Act, The Supply of Goods and Services Act and, most importantly from the Financial Services angle, the ‘Unfair Terms in Consumer Contracts Regulations’. The...
by Colin Baines | Oct 2015 | Comments
Regulations forbid the promotion of ‘esoteric’ or ‘non mainstream’ products to customers unless they can be classified as either ‘High Net Worth’ or ‘Sophisticated’ investors. The criteria for these classifications, which have been revised recently, are: High Net...
by Colin Baines | Sep 2015 | Comments
Local Authority spending in England was cut by 20% between 2010 and 2015 which leaves what is nicely called a ‘funding gap’. Authorities do not have the money to fund social projects to the extent that they used to. The Government introduced SITR last year in order to...
