The Financial Conduct Authority estimates that principals and appointed representatives (ARs) make up more than 60% of the total value of recent claims to the FSCS. They also generate up to 400% more supervisory cases and complaints than other directly authorised (DA) firms.
While some of the changes could possibly have been foreseen, the decision to remove the lifetime allowance (LTA) charges from 2023, as well as the LTA from
How to handle vulnerable clients and comply with Consumer Duty rules are among the top queries raised by advisers in the last quarter, according to Valid Path.