Articles - Update on capital resources requirements for PIF's

 The Financial Services Authority (FSA) has deferred the introduction of new capital rules for personal investment firms for two years to allow firms more time to prepare.

 The rules were made in November 2009 (" target="_blank">">PS09/19) and were due to be phased in over two years, commencing on 31 December 2011 with the full requirements in place by end 2013.

 However, the phasing in of the new rules firms will now commence on 31 December 2013 with the full requirements in place by end 2015, giving firms who need it more time to build up their capital resources to the required levels.

Back to Index

Similar News to this Story

The Pension Transfer Gold Standard
The Personal Finance Society (PFS) has seen more than 600 advice firms sign up to its Pension Transfer Gold Standard (PTGS) since it was announced i
Your insight into cost transparency
The benefits of widespread cost transparency implementation by pension schemes has been made clear in the Netherlands, where KAS BANK has been collect
Mobile Video Technology changes the game for home insurance
A couple I know were burgled before Easter. It was a professional job - the burglars left the bleach and cloths they used to wipe away their fingerpri

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.