Document background
The Financial Plan Engagement Letter is a crucial document used when establishing a professional financial planning relationship with clients in England and Wales. It serves as the foundational agreement detailing the scope of services, fee structures, and mutual obligations while ensuring compliance with FCA regulations and UK financial services laws. This document is essential for protecting both the advisor and client interests, providing clarity on service deliverables, and meeting regulatory requirements for financial services provision. It should be used at the commencement of any new financial planning relationship or when significantly modifying existing arrangements.
