Monthly Archives: September 2015

  • Capital Adequacy

    The new capital adequacy rules originally had to be fully implemented by the end of 2013, but the FCA deferred that until the end of 2015 and subsequently deferred that... Read more.

  • Account tracing service

    A useful tracing website launched by banks, building societies and NS&I to help trace forgotten accounts; www.mylostaccount.org.uk Particularly useful perhaps if dealing with estates / attorneys etc.

  • Financial Services Compensation scheme

    Currently cash deposits are protected up to £85,000 per person, per bank/society (note that providers in the same group count as one provider). From 1st January 2016 this will reduce... Read more.

  • Complaints

    While you already include details of the Financial Ombudsman Service in your Client Agreements and Initial Disclosure Documents etc., you are now also required to have a statement on your website... Read more.

  • Lifetime Allowance – reduction to £1 million

    With the forthcoming reduction in the limit it would be prudent to contact any clients who might be affected. We have put together a letter template for this purpose (copy... Read more.