Introducers: Advisers' responsibilities when accepting business

09 Aug 2016

Richard Nuttall explores the regulator's latest intervention on introducers. While the phenomenon is nothing new, advisers must continue to take their responsibilities seriously, he writes

Concern from the regulator regarding the process through which consumers are being referred to authorised firms is not a new phenomenon.

The regulatory dangers have been highlighted many times and are all too evident in cases where authorised firms switch personal pensions into self-invested personal pension (SIPP) arrangements to access non-mainstream investment solutions, often carried out on the direct instruction of the customer.

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