Regulated Activity  


Joined: 3 weeks ago
Posts: 1
06/02/2020 3:26 pm  

The PFS ran a panel session a few years ago now that covered cash flow planning.  The conclusion from Rory Percival at the time was that it wasn’t t a separate regulated activity but if used as part of the process of delivering financial advice then it fell within scope.  Would not coaching end up with a similar analysis from a compliance perspective?

Joined: 4 weeks ago
Posts: 4
06/02/2020 4:37 pm  

I’m not a compliance expert by any means, but if coaching skills are used as part of delivering regulated financial advice I agree with your reckoning. The question I have for you is this: does that make it problematic? 

I am confident that good listening and deep questioning enhance the usual compliance outcomes, rather than complicate them. That said, I’d be interested to hear if you have a particular example or concern in mind?