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CPD Briefing: FCA’s cash savings review, Tax ‘loophole’ set to close

The latest edition of Newsbrief counts as 1 hour of structured CPD and covers the regulatory and marketplace changes which took place during September. Visit the Money Marketing CPD Centre to answer 10 multiple choice questions and complete this CPD activity.

Just click into your CPD Plan and you’ll find each month’s marketplace changes round-up in your activity list.

Not yet registered? Join for free today at www.ifacpd.com and access over 35 hours of independent, accredited CPD learning content. 

Learning objectives (full list of ApEx standards covered below)

Learning objectives

By reading this edition of Newsbrief and completing the MCQ test online you will be able to:

  • Keep up to date on the regulatory and market changes that have taken place in September
  • Understand the scope of the FCA’s review of the cash savings market
  • Understand the implications of the FOS’s recent case study findings
  • Understand why the MPC voted to keep the base rate at 0.5% and keep the QE program
  • Keep up to date with how the bond market is affecting the economy
  • Understand the implications of falls in the emerging markets
  • Keep up to date with HMRC’s latest moves against tax avoidance
  • Understand what TPR wants to achieve with its revised draft Code of Practice
  • Identify the burden that the Consumer Insurance (Disclosure and Representations) Act puts on insurers
  • Understand the implications of the OFT’s proposed ban on ‘built in’ adviser commissions 

Contents

Financial services regulation and ethics

Investment principles and risk

Taxation

Pensions and retirement planning

Financial protection

 

Apex standards covered in this edition of Newsbrief:

 
Subject area Learning outcome and indicative content
Financial services regulation and ethics How the retail consumer is served by the financial services industry
  Obligations towards consumers and their perception of financial services
  Consumers’ main financial needs and how they are prioritised
  The regulatory advice framework in practice for the consumer
  Client relationships and adviser responsibilities
Investment principles and risk The nature and impact of the main types of risk on investment performance
  Interest rates
  The macro-economic environment and its impact on asset classes
  Main long-term UK and global socio-economic trends
  Significance of monetary and fiscal policy
Taxation The UK tax system
  UK tax compliance
  The relevance of tax to individuals and trusts
  The impact of taxes on individuals, trusts and their investments
Pensions and retirement planning The law and regulation of pensions planning
  Pensions Regulator compliance
  Trust and contract-based pensions
Financial protection The consumer and retail market factors and trends relevant to Financial protection
  How insurance mitigates personal financial risk

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