Related topic: Regulation

check2 utilises insights from Veriff and Experian in order for advisers to carry out identify checks.

Eligibility criteria have been tightened, average compensation increased for older agreements, and a minimum 3% compensatory interest rate per annum added.

The statement emphasises that data protection law should not be seen as a barrier to providing tailored, helpful support to those who may need it most.

The new tool responds to a persistent challenge across the industry where firms are only identifying a fraction of their vulnerable customers.

The regulator has set out its 2026/7 plan, pledging "smarter, more effective regulation".

The platform captures critical context often lost in traditional one-five scales, ensuring greater visibility of those at-risk.

The regulator is removing the annual review requirement for ongoing advice and considering the future of trail commission.

This is the first time the PRA has fined a firm for failing to conduct its business with integrity.

Companies can now be fined directly for posting fake reviews, removing negative reviews or presenting their reviews in a misleading way.

For brokers considering a move into the AR model, this evolving landscape presents both challenges and opportunities.