Bento for One – All about the Longstop

Presented by

Derek Bradley, CEO, PanaceaIFA

About this talk

Each month Derek Bradley, CEO of PanaceaIFA, will present a short, 15 minute lunchtime presentation, stemming from popular articles from the PanaceaIFA weekly ‘Bento Bulletin’ around matters concerning our industry. This session will cover: Like other businesses and professions, incorporated or not, financial advisers enjoyed the protection of a 15 year longstop by section 14(b) of the Limitation Act 1980. This was until the Financial Services and Markets Act 2000 (FSMA) came into force on 1 December 2001 leading to the FSA removing its protection for regulated firms on the 18th September 2003. For those who trade and are blissfully unaware of this very major commercial time bomb placed in all IFAs future road map, yes this will affect you! This Thought Leadership Live session will attempt to shine some light on a very complicated and divisive piece of regulatory skullduggery.

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