There’s nothing that focuses the mind quite so much as a deadline, as many advice firms have found in their preparations for the extension of the Senior Managers and Certification Regime.
There has been some confusion around the circumstances in which the SM&CR will apply to paraplanners. With just three months to go, how do you work out when SM&CR applies to paraplanners and when it does not?
SimplyBiz Group director of compliance policy Richard Nuttall thinks the need to be certified would not be the norm for paraplanners, as most will align their role to the firm’s centralised investment proposition.
SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom.