COBS: Record Keeping

Question 1

general rule for non mifid business on record keeping

Answer 1

3 years from date of dispatch

Question 2

general rule for mifid business on record keeping

Answer 2

5 years from date of dispatch

Question 3

how long must records be kept for pension contracts, stakeholder pensions and life assurance

Answer 3

5 years

Question 4

how long must records be kept for pension transfers and opt-outs, free standing additional voluntary contributions

Answer 4

indefinitely

Question 5

how long to recordings of telephone comms need to be recorded

Answer 5

five years from creation of the record

Question 6

what is true about all records

Answer 6

must be readily accessible