RWA Newsletter September 2013 | Page 21

Financial Incentives The FCA are about to start further work on whether firms are now managing the risk of mis-selling in those promotions that are driven by financial incentive arrangements for their employees. The work will focus on firms transacting business with retail customers. Firms on the radar will include Wholesale C1 firms, Retail C2 and C3, and a sample of C4 firms, and will take the form of an online assessment. Retail C1 firms are being assessed separately. The FCA plan to make the on-line assessment available from early July and if your firm is selected for this work you will receive an email just before this. Please check your inbox and spam filter around this time, as the FCA expect firms included to complete the assessment within a specified timescale. Staff Profile 21