Originally posted on 23 Dec 2013

The Financial Conduct Authority (FCA) is to publish social media guidance for financial services firms early next year. The regulator has been in talks with firms over their increased use of social media and how it fits with regulation, according to New Model Adviser.

An FCA spokesman said the guidance had not stemmed from any particular concern but was in response to increased questions from firms. He said: ‘We are developing social media guidance in response to the financial services industry but also because we are fully aware about the increased use of social media.’

The guidance is due to be published in the first quarter of 2014.

Pete Matthew of Jacksons Wealth Management, Dennis Hall of Yellowtail Financial Planning and Chris Daems of Principal Financial Solutions, shared their top tips on getting the most out of social media, here]

Bizezia’s Work Manual system includes a work policy on social media. Email me for a free copy: mpollins@bizezia.com

Martin Pollins

Managing Director at One Smart Place
Martin Pollins is a Chartered Accountant and MBA with wide experience in corporate finance and business management. He has served on the boards of several companies, including those listed on the London Stock Exchange, AIM and OFEX. He is Chairman and Founder of OneSmartPlace and was a Council member of the Institute of Chartered Accountants in England and Wales from 1988 to 1996. He was managing partner of PRB Martin Pollins, based in Sussex, the first Accountancy firm to advertise on British television.He went on to create and launch the CharterGroup Partnership (the UK’s first Accountancy network) and then LawGroup UK (at the time, one of the largest networks of lawyers in the UK). In recent years, he helped to raise several £millions to fund British films such as The Da Vinci Code, Bridge of San Luis Rey, Head in the Clouds and Merchant of Venice with actors such as Charlize Theron, Robert De Niro, Al Pacino, F. Murray Abraham. Kathy Bates, Gabriel Byrne, Geraldine Chaplin, Tom Hanks, Ian McKellen, Audrey Tautou, Penélope Cruz, Steven Berkoff, Lynn Collins, Jeremy Irons, Joseph Fiennes and many more.

He has written over 700 business publications (see Glossaries at http://onesmartplace.com/resources/glossaries/) and is editor of Better Business Focus (see http://onesmartplace.com/resources/better-business-focus-magazine). His Blog, on a wide range of subjects can be found at: http://onesmartplace.com/blog/
Martin Pollins

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