{"id":1013,"date":"2017-11-06T10:52:53","date_gmt":"2017-11-06T10:52:53","guid":{"rendered":"http:\/\/www.recruitment-connection.co.uk\/?p=1013"},"modified":"2017-11-06T10:52:54","modified_gmt":"2017-11-06T10:52:54","slug":"fca-announces-that-ifas-are-to-disclose-esoteric-investment-recommendations","status":"publish","type":"post","link":"https:\/\/www.recruitment-connection.co.uk\/index.php\/2017\/11\/fca-announces-that-ifas-are-to-disclose-esoteric-investment-recommendations\/","title":{"rendered":"FCA Announces that IFAs are to Disclose Esoteric Investment Recommendations"},"content":{"rendered":"

 <\/p>\n

The FCA has recently announced that IFAs are to\u00a0disclose more risky investment strategies which they have recommended to their clients<\/strong><\/h1>\n

The FCA’s reforms follows its review of the Financial Services Compensation Scheme (FSCS); from 2013-2016 around a third of FSCS claims were linked to the sale of esoteric investment plans by Advisers.<\/em><\/span><\/h3>\n

During the consultation The FCA did not address the proposal that Advisers selling higher-risk products were to pay more towards the money pooled in the Scheme.<\/h3>\n

However, The FCA has agreed to such reforms as adding a new section to their online reporting system, GABRIEL, for calculating risky future levies. This will come into force on 1 April 2018. Other confirmed reforms include ordering Llyod\u2019s of London to contribute to the funding that comes from retail firms.<\/h3>\n

A full list of the reforms will be accessible when The FCA publishes its papers….<\/h3>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The FCA has recently announced that IFAs are to\u00a0disclose more risky investment strategies which they have recommended to their clients The FCA’s reforms follows its review of the Financial Services Compensation Scheme (FSCS); from 2013-2016 around a third of FSCS claims were linked to the sale of esoteric investment plans by Advisers. During the consultation The FCA did not address the proposal that Advisers selling higher-risk products were to pay more towards the money pooled in the Scheme. However, The FCA has agreed to such reforms as adding a new section to their online reporting system, GABRIEL, for calculating… <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"twitterCardType":"app","cardImageID":0,"cardImage":"","cardTitle":"","cardDesc":"","cardImageAlt":"","cardPlayer":"","cardPlayerWidth":0,"cardPlayerHeight":0,"cardPlayerStream":"","cardPlayerCodec":"","footnotes":""},"categories":[58],"tags":[36,68,76,92,66,154,85,102,187,103],"class_list":["post-1013","post","type-post","status-publish","format-standard","hentry","category-financial-services-news","tag-advice","tag-advisers","tag-fca","tag-financial-services-news","tag-fscs","tag-government","tag-investment","tag-recruitment-connection-ltd","tag-reforms","tag-simon-bean"],"_links":{"self":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1013"}],"version-history":[{"count":2,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1013\/revisions"}],"predecessor-version":[{"id":1029,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1013\/revisions\/1029"}],"wp:attachment":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}