Conflicts of Interest
Under FCA rules we are required to establish, implement and maintain an effective Conflicts of Interest policy. The rules require us to take all reasonable steps to identify conflicts of interest between the firm (us) and clients of the firm, and between one client of the firm and another client. In order to identify conflicts of interest, Simply Ethical will take into account whether the firm, or a relevant person, or a person directly or indirectly linked to the firm:
- is likely to make a financial gain, or avoid a financial loss, at the expense of a client;
- has an interest in the outcome of a service provided to a client;
- has an interest in the outcome of a transaction carried out on behalf of a client;
- has a financial or other incentive to favour the interest of a client or group of clients over the interests of another client;
- carries on the same business as a client;
- receives, or will receive from a person, other than a client an inducement in relation to a service provided to a client, in the form of money, goods or services, other than the fee for that service.
We therefore maintain a register of material conflicts of interest that arise in our business. We have taken all reasonable steps to prevent conflicts of interest from giving rise to a risk of damage to the interests of our clients and we have recorded the organisational and administrative arrangements we have put in place for this purpose.
If we believe that the arrangements we have put in place are not sufficient to be reasonably confident that the risks of damage to the interests of our clients will be prevented, we will disclose the source of conflicts of interest to our clients.
The policy is reviewed on a regular basis and at least on an annual basis.
Further details of our Conflicts of Interest policy are available upon request.