FINANCIAL MATTERS - JULY

FINANCIAL MATTERS - JULY

Changing for the better?

This month’s Technical Bulletin examines proposals by the Financial Conduct Authority (FCA) regarding pension transfers advice. The changes include an obligation to provide customers with a personal recommendation and updating the way transfer offers are analysed. Meanwhile, HMRC has finally launched its online Trusts Registration Service following a delay. The new system means trust information will be held centrally according to the EU’s Fourth Money Laundering Directive (4MLD).

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