As the main controller of the Appointed Representative firm with Connect IFA Ltd, I am writing to let you know we now need you to complete the below form to provide us with the additional data we require for the FCA Section 165 data request. This information is needed no later than the 31st of […]
Section 165 Data Request and Recording of Briefing Session Read More »
As the new year begins, this email is to inform you of some changes being made to the CPD requirements for the new year and how we are making it easier for you to record your CPD. We have also made some changes to the CFI Members Folder and Operations Manual to make it easier for
CPD AND OPERATIONS MANUAL UPDATE Read More »
The Financial Conduct Authority (FCA) have published numerous articles in the past stating advertisements should be clear, fair and not misleading. More recently though they have released a warning to Lenders and Brokers to stop using misleading terms in their advertising or face regulatory action. The statement they produced is aimed at those promoting credit,
FCA warns to stop using misleading terms in advertising or face regulatory action! Read More »
We have recently updated some of the Compliance File Review Process to provide more information and clarity. You may recall seeing the tab called ‘compliance’ in each case on OMS. This tab has been recently revamped so that it mirrors the checks that the compliance T&C team are completing when they review your files. Where
Compliance File Review Process Read More »
Consumer Duty There is a lot of press in the industry about Consumer Duty and what this means to advisers. I can confirm that as the Network Principal, Connect is required to interpret the new standards and implement any requirements across the network. Network members are not required to consider what action is to be
Consumer Duty and AR Supervision Paper Read More »
Financial Reporter Offers Structured Learning Articles CPD Articles on Financial Reporter are CII-accredited and offer thought leadership and education to the adviser community, helping to maintain professional development, and inspire growth and innovation. These articles are designed to help you get the most out of Financial Reporter and earn CPD hours as you read! Here’s
Boost your CPD Points with Financial Reporter and Connect LMS Read More »
Following a consultation period, in July of this year, the FCA issued the Consumer Duty Paper. This paper sets out rules that put consumers at the heart of our businesses and focus on delivering good customer outcomes. Implementation is by July 2023 In addition to this, the AR paper was issued by the FCA in
Network Member Compliance Update Read More »
Lenders are currently seeing an increased number of cases with some form of fraudulent income, and this is also the most common reason for a lender to flag a concern with a broker. With the cost of living crisis and affordability calculations tightening, this could increase further. If an application is submitted and the lender
View this email in your browser We have completed a review of the steps required to reach CAS status and made some changes. We wanted to respond to the feedback that experienced advisers sometimes needed to move quickly to get a customer decision in principles underway, so we have introduced just one green pass before
Obtaining Competent Adviser Status (CAS) Read More »
We have all watched the tragedy evolve in Ukraine with great sadness and anxiety. It is therefore essential that we remain vigilant to ensure we are not a party to any financial crime that aids the conflict. The FCA has recently published the below announcing the new financial sanctions against Russia. It is your regulatory responsibility to ensure you are strictly following the guidance.
IMPORTANT MESSAGE TO ADVISERS ABOUT RUSSIA AND INCREASED MONEY LAUNDERING REQUIREMENTS Read More »
