Financial Guidance
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Firms need to understand what is required of them under RSI. This is not just UK, but EU wide. Firms are looking at TISA to develop recommendations for compliance with MiFID II suitability rules, disclosures to customers and the data required to ensure customers can make investment choices based on objective, comparable data.
Benefits to consumers
CUSTOMERS WILL KNOW WHERE THEIR MONEY IS BEING INVESTED ON AN RSI BASIS
FIRMS WILL BE ABLE TO HIGHLIGHT THE RSI STATUS OF PRODUCTS AND CHANGE THEM TO MEET CUSTOMER RSI PREFERENCES
Benefits to industry
COMMON UNDERSTANDING OF THE RULES FOR FIRMS, INCLUDING OF REGULATORY EXPECTATIONS
MORE CONSISTENCY IN LANGUAGE USED TO DESCRIBE PRODUCTS, PLUS AN AGREED BASIS FOR DISCLOSING RSI TO CUSTOMERS AND DISTRIBUTORS
Benefits to UK economy
CONSISTENT APPROACH BY INDUSTRY RAISES STANDARDS, IMPROVES COMPLIANCE, AND IMPROVES OUTCOMES FOR CUSTOMERS
HELPS GOVERNMENT TO ENCOURAGE INVESTMENTS IN LOWER CARBON INTENSIVE FIRMS AS PART OF ITS GOAL OF NET ZERO CARBON BY 2050
Financial Guidance
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MiFID II
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Responsible & Sustainable Investment Committee
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Savings Culture
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