PFS provides new Client Obligation hub for members

The PFS has launched a brand new Client Obligation ‘useful resource’ hub to assist Monetary Planning members meet the brand new regulatory necessities arriving subsequent month.

The PFS says it has already been actively supporting members on the FCA’s new laws and advising its members on their preparations for a lot of months.

The brand new hub brings collectively all the present assist supplies.

The FCA’s new Client Obligation will start on 31 July and would require all regulated corporations to make sure that prospects are handled pretty in any respect levels of their ‘buyer journey.’

The PFS is making the brand new hub obtainable to all its 40,000 members within the UK and internationally.

The hub incorporates steerage paperwork and skilled commentary that PFS members and others throughout the occupation can use to navigate the brand new guidelines. It additionally consists of digital studying materials for members.

The PFS says will proceed to work intently with the FCA to ship extra member assist because the Obligation strikes by means of the regulator’s acknowledged implementation phases.

PFS interim CEO Don MacIntyre, stated: “The PFS takes its mission to teach and assist members to ship providers to the very best skilled requirements and to advocate for the general public good extraordinarily significantly.

“We’ve already developed a broad vary of high-quality assets that members can use to develop their data and understanding round Client Obligation. Our continued efforts over coming months, working intently with the FCA, will guarantee the general public may be assured that PFS members will proceed to be finest positioned to advise them on all Monetary Planning issues according to these new guidelines.”

• The brand new hub is accessible right here: Client Obligation useful resource hub.