The UK left the EU on 31 January 2020 with a Withdrawal Agreement. It has now entered a transition period which is due to operate until 31 December 2020. During the transition period, EU law will continue to apply in the UK. New EU legislation that takes effect before the end of the transition period will also apply to the UK.
From today (1 October 2020) changes to the FCA’s rules and guidance on pension transfer advice come into force.
These changes include:
The SM&CR will be extended to all FCA regulated firms from 9 December 2019. One of the consequences of this is that only individuals approved for specified senior manager functions (SMFs) will be included on the existing financial services register (FS Register).
The COVID-19 zone has been created to provide you with quick and easy access to the information that you need. As this is an area of constant change, updates will be posted to this section regularly in response to statements made by government, the FCA, product providers and any other relevant parties,
Regular podcasts to summarise any changes and areas of interest will also be posted here.
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