It would appear we are well and truly into Consultation Paper Season with no less than a dozen either released last month or are known to be on their way.
CP21/13 is a little different to the others in that it currently feels like the re-working of some previous attempts to tighten up on the rules around TCF and to make them easier for firms and customers to understand.
The concern that seems to be around in the market is that whilst the intentions are great, the actual impact of this amongst the wider advice community may not really be felt as most firms are already on track with this in terms of client outcomes and fair treatment of customers. What it is unlikely to be able to tackle are the rogue advisers who are currently ignoring the rules and are likely to continue to ignore the new ones.
Read more in our Nucleus article here.
Reflections
How to find out if your stationery is compliant
This is a question we get asked a lot, especially from those on the journey to becoming directly authorised, or those who are [...]
Industry Insight
Putting the Consumer (Duty) at the heart of your business
No doubt you’ve seen all the Consumer Duty content floating around – it’s hard to miss that there has been a huge piece [...]
Industry Insight
Not enough people realise what opportunities lie in paraplanning
The paraplanning profession is less valued now than it was years ago as individuals fail to recognise the job opportunities in this sector, [...]
News
The Next Generation
Paraphrasing the words of Captain Kirk*, The Verve Group is literally going boldly where no man has gone before. Sort of. We are [...]
Industry Insight Press
Superheroes of Suitability
There is one element of a suitability report that often can make or break it, says Grant Callaghan, our Paraplanning Techspert. We all [...]
News
It’s all about the journey…
Sometimes it’s hard to know where to start on your qualifications journey – Do you start off easy with financial protection? Or jump [...]
Industry Insight Press Reflections
The S and G Factor
Alasdair Wilson, Investments Techspert at The Verve Group, considers the S in ESG – the social factor – and finds investing is not [...]
Group News
Awards In Absentia
It might be a cliché but that doesn’t make it any less true – Cathi can win an award in her sleep! This [...]