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It is apparent that firms are coming under increasing attack; where firms have reported issues to the FCA, there is a year on year increase. As an example, in 2014 there were, according to FCA statistics, 5 reports and so far, in 2016, 75!

Managing workplace projects can be a struggle, especially when you’re juggling various tasks and working to tight deadlines. A Gantt chart is a commonly used project management tool designed to organise tasks against a specific time frame.

As reported in a previous newsletter, the European Court of Justice had decided that the previous framework called the ‘International Safe Harbour Privacy Principles’ was invalid. As could be expected, both the EU Commission and the US Government started talks about a new framework and on 2 February 2016 an agreement was reached on a new way forward.

CPD (Continuous Professional Development) the dreaded, essential and inconvenient truth of working in a profession. There is a very important element that is overlooked in the sentiment above – ownership.

Ever since credit broking became regulated by the FCA, all firms, including General Insurance Brokers, have to report their data to the FCA.

‘T&C’ - formally known as training and competence - is not a new idea. The General Insurance Standard’s Council launched their own rules and elements of these can still be seen today under the current FCA T&C rules. 

Further to a previous newsletter article, we would like to remind all firms that the deadline for removing the P2P permission by use of a simple one-page form (rather than the more cumbersome CONNECT system) expires next month.

The Craven Heifer at Addingham laid on a splendid taster menu for the 20 or so players and families and Garrick was toasted with a fine 19th Century Madeira, brought over from the US by the winner of the tournament, Jon Crumiller, COO of Princeton Consultants (an international chess master to boot). Second was Colm Barry, a fine local player. Michael Wiltshire an insurance broker from London and Guy Lyons made up 3rd and 4th spot respectively

This is a question that I have been asked several times over the last few months so I thought it was time for a reminder as to what is required.