Topic 4

Question 0

Overall trust rating?
Best
And worsed

Answer 0

75%
Brokers/advisors
Credit Card co

Question 1

3 client categorys

Answer 1

Eligible couterparty- large companies, require ltd service
Professional client- as above but requires advice, can assume adequate level of knowlegde
Retail client- highest level of invester protection, man offmthe street

Question 2

Money advice service, set up in april 11, has 2 core objectives

Answer 2

Enhances understanding and knowlegde of public

Enhance oublic ability to manage own affairs

Question 3

What else does the MAS do?

Answer 3

Works with partners to build financial capability in uk, ie schools, targetting NEET
encourages teaching of fs
Requires firms to make TCF an integral part of bus
Lauched stakeholder products, aimed at low to med earners with low fin awareness