View more on these topics

Bankhall launches new hub for senior managers regime support

Compliance service provider Bankhall has launched a new hub for directly authorised firms looking to navigate the incoming Senior Managers and Certification Regime.

The rules, which are set to be rolled out to advisers later this year, require senior managers within firms to have statements of responsibility to establish lines of accountability, while testiying the competence of more junior staff on a regular basis.

The Bankhall service will cover all FCA-regulated firms across pensions, investments, mortgages and protection, attempting to clarify which tiers of the regime firms fall under based on their size and structure, and then what actions firms may need to take as a result.

FCA shows IFAs how duties might be split under senior managers regime

The hub will offer practical examples of statements of responsibility, as well as videos and frequently asked question guides.

Bankhall group head of compliance Carl Wallis says: “We believe it’s important that firms start to prepare early for the regime to fully understand the impact on their businesses, which is why we have launched the hub now. We’re already working with firms on a one to one basis to help them understand what the regime means for their individual businesses.

“We know that larger firms, in particular, risk running out of time if they don’t engage and understand the work involved, as it’s likely to lead to fundamental discussions at a senior level in terms of governance structures and the boundaries of responsibility for each individual senior manager.”



One million savers hit by MPAA since introduction

More than one million over-55s have been subject to the money purchase annual allowance since it came into force in 2015. For individuals wishing to dip into their retirement pots using the pension freedom rules, tax relief is available on contributions up to £40,000 a year, but once they make a flexible withdrawal, they instead […]


Can the FCA get rid of Gabriel’s gremlins?

Can the much-criticised reporting system turn a corner in gathering useful data or is it simply destined to be the subject of complaints? Incessant complaints from advisers about the complexity and tedium of the Gabriel reporting system continue to throw a key concern into the spotlight – is the FCA’s data collection actually achieving anything? […]


FOS Sipp complaints jump again

The Financial Ombudsman Service has reported yet another spike in Sipp complaints. Latest data from the adjudicator shows that in the quarter to December last year, FOS received 1,029 new enquiries about Sipps, up from 777 in the previous quarter. The number of new cases it took on was 1,047, up from 826 in the […]

Dynamic Planner and MSCI team up for risk-targeted indices

Dynamic Planner and MSCI have collaborated to launch a new set of ten indices that are mapped to risk models. The indices will benchmark how investments perform against Dynamic Planner’s risk profiles by tracking their underlying performance, giving an indication of what consistutes good risk-adjusted returns. The data will track back over ten years, and […]

Natixis video: Making smarter use of asset classes

Content supplied by Natixis Global Asset Management This video from Natixis Global Asset Management focuses on Active Share. One strategy for the smarter use of equity investments is ensuring you get what you pay for. According to the company, looking at Active Share can give you a better perspective on where performance comes from. Active […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm