| Who is this for? | Article 3 exempt, Exempt CAD, DFM, Authorised professional firm, Mortgage & insurance |
|---|---|
| Senior mgt. (who run the business), Non-exec. directors, CF10 - Compliance oversight, Insurance distribution responsibility, Mortgage mediation responsibility | |
| What is this? |
All personal investment firms and mortgage and insurance firms, are generally required to hold appropriate professional indemnity insurance (PII) cover. BIPRU firms are only required to hold PII where they undertake insurance or mortgage distribution business. |
| How else can threesixty help? |
Guidance on related areas Template documents including PII policy checklist and PII Application Covering Letter Business risk assessment visits to assess implementation of your procedures Helpdesk support |
| Who does this apply to? | All firms – Article 3, Exempt CAD, BIPRU providing investment advice |
| What is this? |
Firms advising clients in relation to investments are required to consider potential tax implications. We have pulled together a number of Frequently Asked Questions which can assist firms when looking at the potential taxation of investment bonds. |
| How can threesixty help? |
Online guidance Technical support |
| Who is this for? | Article 3 exempt, Exempt CAD, DFM, Authorised professional firm, Mortgage & insurance |
|---|---|
| What is this? |
The FCA is extending the Senior Managers and Certification Regime (SM&CR) to FCA regulated firms from 9 December 2019. Its main focus is on clarity of responsibility and accountability, high and consistent standards of conduct of all individuals in the financial services industry and a shift to look at individuals as well as firms in the carrying out of supervision activity. |
| What should I do? |
Although implementation is not until December 2019 you can begin to prepare for the regime by looking at your firm's management structure and considering how responsibilities within your firm should be allocated. You may also consider potential training needs as a result of the changes. |
| How else can threesixty help? |
We are running events on the subject in August and September 2019 and expect to expand the locations and numbers of events in the coming months. We will keep you updated with developments through our usual guidance pages. |
threesixty provide a range of technical information and guidance on areas relating to trusts and estates, including powers of attorney, probate and intestacy.
| Who is this for? | Article 3 exempt, Exempt CAD, DFM, Authorised professional firm |
|---|---|
| Senior mgt. (who run the business), Non-exec. directors, CF10 - Compliance oversight | |
| What is this? |
Product governace is intended to ensure products are distributed to and meet the needs of the proper target market. Periodic reviews should be carried out to ensure this remains the case. All distributors and manufacturers of investment products and services must have appropriate product governance procedures in place. |
| How else can threesixty help? |
Guidance on related areas Template documents Business risk assessment visits to assess implementation of your procedures Helpdesk support |
| Who is this for? | Article 3 exempt, Exempt CAD, DFM, Authorised professional firm |
|---|---|
| Senior mgt. (who run the business), Non-exec. directors, CF10 - Compliance oversight, Advisers, Pension transfer specialist | |
| What is this? |
Advising on pension transfers and pension switches can be a complex area. It's important to first understand the distinction between these two areas:
Depending on the types of pensions and benefits being transferred, different requirements will apply, in terms of required regulatory permissions and approval of advice being given. |
| How else can threesixty help? |
Guidance on related areas Template documents Remote learning, speicialist workshops and regional development events Business risk assessment visits to assess implementation of your procedures Helpdesk support |
When a client is accessing their pension savings there is no longer a requirement to purchase an annuity. This means that annuity purchase can be avoided completely in suitable circumstances although annuity purchase at some point may remain an appropriate route in some cases.
Clients of threesixty enjoy full access to our online resources.
To talk to us about any of the topics mentioned here, or to find out more about threesixty and our breadth of services, please call 03707 360 360.
Alternatively email talktous@threesixtyservices.co.uk for more information.