Regulatory Alerts2026-05-22
Added · Updated
CP26/10: Simplifying the pensions and investment advice rules
The Financial Conduct Authority proposes consolidating COBS 9 and COBS 9A into a single framework, deleting specific rules where Consumer Duty protections apply, and reframing suitability assessments to be proportionate to the service scope. The consultation seeks views on replacing annual suitability reviews with periodic reviews for ongoing advice services and clarifying that firms may charge fees for related ongoing services. It also invites feedback on maintaining current charging and qualification standards while exploring future rules regarding legacy trail commissions and professional client suitability.
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