What is a principal firm?
Howard Pepper insists brokers should not be tarred with the FCA’s brush following the FCA publication of the thematic review into appointed representatives?
Much has appeared in the press over the last few days about Appointed Representatives and their role in the UK GI market - some articles even suggesting that ‘the model' is reaching the end of the line.
Whilst this gloomy prediction may prove to be self-fulfilling for certain types of business, it's important to understand the different dynamics at work and the various types of principal firms out there.
On Friday morning the Financial Conduct Authority (FCA) published the result of their recent
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