Latest News & Blog

Smarter Consumer Communications: Removing ineffective disclosure requirements in our Handbook Smarter Consumer Communications: Removing ineffective disclosure requirements in our Handbook

28 Feb 2017 Liz Coyle

In October last year, the Financial Conduct Authority (FCA) produced policy statement PS16/23, ‘Smarter Consumer Communications: Removing ineffective disclosure requirements in our Handbook’, which outlined a number of changes it would be making surrounding communications.

Richard Nuttall: Enigma! Decoding the upcoming capital adequacy requirements Richard Nuttall: Enigma! Decoding the upcoming capital adequacy requirements

24 Feb 2017 Richard Nuttall

Although new changes to the capital adequacy rules do not take effect until 30 June, Richard Nuttall strongly recommends firms review their financial position at the earliest time possible in case action is needed.

"Tory change of attitude is heart of the matter" "Tory change of attitude is heart of the matter"

22 Feb 2017 Ken Davy

Going head-to-head with one’s editor – in my case the knowledgeable and dynamic Emma Ann Hughes – is always somewhat high risk. However, on this occasion, it is a risk I have to take.  

"FCA needs to find a fairer way to fund the FSCS" "FCA needs to find a fairer way to fund the FSCS"

20 Feb 2017 Ken Davy

Is there light at the end of the tunnel for financial advisers or is it just another train heading towards us?

The real value of robo-advice to advisers The real value of robo-advice to advisers

15 Feb 2017 Matt Timmins

Although it has been just over two years since the UK financial services market began to discuss robo-advice with any seriousness, the term has fast become part of our shared vernacular.

FCA implements SMR principles to govern all firms FCA implements SMR principles to govern all firms

09 Feb 2017 Ken Davy

The FCA is already applying the SMR to major financial institutions, and anticipates extending them to smaller firms, including IFAs, in 2018.

Advisers brand Mifid call recording 'step too far' Advisers brand Mifid call recording 'step too far'

08 Feb 2017

European Union requirements for adviser firms to record all client telephone calls have been branded a 'step too far' by members of the New Model Business Academy.

"'Voluntary agreement' has implications for FSCS" "'Voluntary agreement' has implications for FSCS"

02 Feb 2017 Ken Davy

Even when the subject matter of my weekly column is quite serious, I generally begin with a somewhat light-hearted anecdote. 

SimplyBiz Group announces New Year events programme SimplyBiz Group announces New Year events programme

01 Feb 2017

SimplyBiz group has announced a programme of over 300 face-to-face events for 2017 across the UK.

Testimonials

"I am writing to say how pleased I am with all aspects of your provision, from the guidance through the novation process to my initial compliance visit. Anyone who is able to make a 6 1/2 hour detailed compliance assessment both interesting and enjoyable must be quite exceptional!"

Dr David Carter APFS
Tiverton

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Latest News

Ken Davy: "Dump those bad apples and embrace SM&CR"

August 10, 2017

It only takes a few rotten apples to add some very big numbers to every good adviser’s FSCS bill, so anything that will help us rid our sector of them is to be welcomed.

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Ken Davy: "Taking a weather check on pension freedoms"

August 02, 2017

BBC weatherman Michael Fish famously failed to forecast the hurricane in October 1987, which overnight destroyed 15m trees and turned the town of Sevenoaks into just one oak.

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Ken Davy: Revised managers' regime will uncover 'reckless and criminal' firms

July 28, 2017

The Financial Conduct Authority’s extension of the senior managers’ regime will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group says.

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Ken Davy: "Good financial advice means more holiday cash"

July 26, 2017

As you prepare for a well-earned summer break, I urge you to reflect upon some detailed research by ILC-UK into the value of financial advice, which has revealed that even those consumers who are just getting by can be more than £40,000 better off if they receive advice.

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