By The Enforcd Team

The Total Cost of Independent Financial Advice

The FCA has traditionally tried to secure the greatest good for the greatest number of consumers. Enforcd was interested to note that one of its key themes for 2017/18 remained independent financial advice, now the preserve of those with £250k of investable assets.

By The Enforcd Team

Motor Finance: Are Personal Contract Plans the New PPI?

The Financial Conduct Authority’s 2017/18 business plan said this about motor finance: “We are concerned that there may be a lack of transparency, potential conflicts of interest and irresponsible lending in the motor finance industry. We will conduct an exploratory piece of work to identify who uses these products and assess the sales processes, whether the …

By The Enforcd Team

FCA Business Plan 2017: Reviews, Thematic Reviews and All The Rest of It

It’s not an original observation, but the FCA is at heart a publishing house. Work on annual set-pieces like the FCA business plan (currently in its 2017/2018 run) begins months before publication, with Associates across all parts of the FCA writing summaries of their work, and sending it up the line for review. The strategists …

By The Enforcd Team

Conduct Risk: What It Is and Why It Matters

‘The  lessons of the last few years illustrate clearly that firms need to take proactive steps to improve conduct. Without a firm foundation in identifying the conduct risks inherent in your businesses, it will be hard to manage conduct, let alone show us and others that it is being managed. We know that most firms now understand the value in …