Browse all articles across people aspects of regulation and people development within UK financial services
There are binary opinions about the Lifetime ISA (LISA), for some it is start of a new era for retirement savings, for others it is a spurious gimmick. The technical facts behind the Chancellor’s announcement in the 2016 Budget are easy to understand and simple to explain.
Every year I put my thoughts together to predict the trends in the sales sector. I use hard information to predict, changes that are already in situ or are in embryo form. I then look forward to how these might affect sales. Sales Models This change has been well documented.
Recent high profile cases have highlighted how the cost of cyber security breaches is rising dramatically. Too often technology is seen as the solution, yet it’s regularly reported upwards of 90% successful breaches succeed because of human error.
Talk to most people in ‘regulated’ financial services and they’ll tell you that for them, auto-enrolment hasn’t really taken off. If you pick beneath the skin, this means that it hasn’t yielded the expected returns in the 2013-15 business plans.
The aim of the Financial Advice Market Review is to make advice cheaper, clearer and better for investors. But what issues does the UK Government need to address if it is to achieve these goals? Republished with permission from the Chartered Institute for Securities and Investment (CISI).
Challenging Times The FCA’s Conduct Risk and Strengthening Accountability agendas are making firms rethink how they ensure good outcomes across the entire customer journey. Formal T&C and QA processes are a key part of most firms’ defence against poor outcomes and, traditionally, these processes have focused on sales advice.
Recently I have had a couple of conversations which have made me reflect on the general make up of boards within Financial Services.
In the aftermath of the global financial crisis, regulators in the world’s largest financial markets set about trying to rebuild banks, restore credit lines and get markets back to working efficiently. However, the biggest challenge they faced was to restore the level of trust in the financial services industry.
I came across this recently: ‘Social media is not the crux of your argument. It is an enabler.
“Industries characterised by weak accountability-or by individuals seeking to protect themselves on a ‘Murder on the Orient Express’ defence (it wasn’t me, could have been anyone) – are almost invariably less financially stable, and more prone to misconduct.
Over the last 35 years I’ve seen changes happen in financial services. Moving from my well paid job into FS was a shock, commission only and definitely not 9 to 5. It’s been an exciting journey, equipping me with new skills and experiences that have stayed with me.
Let’s start with a question… You are hosting a children’s party and estimate you need 100 party packs for the event. If one party pack costs $5, how much does it cost for all the packs? This is the type of question famous quant and founder of the Certificate in Quantitative Finance (CQF) Dr.
