11 May 2018
Succeeding in financial promotions
The process of creating compliant financial promotion and marketing materials isn't straightforward. Firms have to balance their sales message (what they want to say) with strict regulatory require...
Featured
Succeeding in financial promotions
11 May 2018
The process of creating compliant financial promotion and marketing materials isn't straightforward. Firms have to balance their sales message (what they want to say) with strict regulatory requirements to disclose key product and company information and not to mislead the customer (what they have to say, what they can say and how to say it). This can be a particular challenge when explaining the complexities of some financial products. Drawing upon OAC's experience of checking financial pro...
Governance, risk & compliance
12 April 2018
Implementing the Insurance Distribution Directive - Part 2
This article follows on from our previous article about implementing the Insurance Distribution Directive (IDD) which concentrated on the issues surrounding complex and non-complex products, wherea...
14 March 2018
Suitability of Pension Transfer Advice
The Financial Conduct Authority (FCA) has growing concerns about the suitability of defined benefit (DB) pensions transfer advice and has issued alerts outlining the areas of its unease and the exp...
14 March 2018
Implementing the Insurance Distribution Directive
We are sure you already know that the implementation of the Insurance Distribution Directive (IDD) has been delayed until later this year, and, like us, have welcomed that. The European Parliament...
19 January 2018
Are with-profits products complex or not under the IDD? FCA says not
OAC attended the Association of Financial Mutual's (AFM) Regulation Committee Meeting in January where it discussed, with the FCA, the implementation of the Insurance Distribution Directive (IDD)....
13 December 2017
Technical article on CP23/17 for Solvency II insurers
In November 2017 the PRA issued Consultation Paper CP23/17 "Financial Management and Planning by Insurers". The purpose of this paper was to publish a draft Supervisory Statement ("SS") on this top...
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