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CPD Briefing: FCA’s RDR findings, ‘High-risk’ tax avoidance defined

The latest edition of Newsbrief counts as 1 hour of structured CPD and covers the regulatory and marketplace changes which took place during August. 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 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 during August
  • Understand the scope and implications of the FCA’s investigation into staff remuneration
  • Understand the FCA’s interim findings on RDR implementation
  • Keep up to date with how RDR may be affecting the number of advisers in the UK
  • Understand the implications of the latest GDP figures
  • Keep up to date with the latest changes to VCT buybacks
  • Understand why GDP growth has not yet been reflected in government borrowing figures
  • Identify the key factors that may lead the Treasury to categorise a firm as ‘high risk’
  • Understand why the OTS wants reforms to employee benefit taxes
  • Understand how the Supreme Court’s recent findings affect TPR’s powers
  • Identify the key advantages and disadvantages of income drawdown
  • Understand the responsibilities of advisers acting on behalf of protection consumers


Financial services regulation and ethics

Investment principles and risk


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
  The regulatory advice framework in practice for the consumer
  − Client relationships and adviser responsibilities
Investment principles and risk The macro-economic environment and its impact on asset classes
  − The key economic indicators
  The characteristics, tax treatment, inherent risks and behaviours of investment products
  − Collective vs direct investment
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
  − Pension protection schemes
  The aims and objectives of retirement planning and relevant investment issues
  − Alternative solutions for pension income
Financial protection The range, structure and application of life assurance and pension-based protection policies
  − Underwriting



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