Browse all articles across people aspects of regulation and people development within UK financial services
The Route to Chartered – It’s about being stubborn about your goal, but flexible in your method. Sometimes we focus on getting to our destination as quickly as possible. But in life there will always be unexpected detours and distractions.
With all that is going on around the world now, the 2020 budget seems to be quickly forgotten. It is the case in almost every budget that significant provisions and changes, those that have a significant effect on individual businesses, are hidden behind the headlines. The 2020 budget was no exception.
Issued in July 2019, CP19/25 proposes a package of measures to change how advisers manage and deliver DB pension transfer advice. The measures set out are significant in comparison to prior consultations in this advice area and aim to reduce the number of consumers transferring when it is not in their best interest.
The financial crisis was in 2008 and as I’m getting older that seems only very recent. There are probably several of you reading this that were still at school and not working. But believe it or not, as we pass into 2020 these events and serious worldwide ramifications were 12 years ago.
The recent introduction of the Senior Managers and Certification Regime (SM&CR) makes high-calibre leadership more essential than ever for UK insurance brokers. Since the new rules came into force for brokers in December 2019, anyone appointed as a Senior Manager must have a Statement of Responsibilities that clearly defines their role and responsibilities.
So 2020 is here – a new decade, a new way or same old? From a regulatory enforcement perspective events in 2019 offer clear sign posting as to the likely trends in the early part of the decade ahead.
I never thought I would be writing about Payment Protection Insurance [‘PPI’] in this magazine, but since the expiry of the deadline for PPI claims all the media (broadsheet, tabloid and industry) has been awash with speculation about what financial products will Claims Management Companies [‘CMCs’] move into next.
To get, and keep, a job you typically need a repertoire of technical and soft skills. Whilst our Industry demands that education and qualifications will continue to be important, how we approach building and maintaining our skills needs to change.
If you are investing in a pension or hold a stocks and shares ISA the likelihood is at least some of your money is invested in the OEIC fund, the most common form of collective investment available. We should know this but within that legal structure, are we all clear on who the ACD is?
As the next exam season approaches you may be asking yourself the following questions: Where do I want to be? Now is the time to write down your overall career goals – where do you want to be in two, five or 10 years’ time.
The first half of 2019 has been an extraordinarily busy time for the FCA. So far we have seen, amongst other ‘business as usual’ outputs, consultations on mortgage advice and selling standards (CP19/17) and new responsible lending rules (CP19/14), a policy statement on ‘overdrafts’ (PS19/16 following CP18/42), the on-boarding and regulation of Claims Management Companies…
I heard a very interesting anecdote a couple of weeks ago about a large asset management (who will remain nameless) and their attitude to distribution.
