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Backstage with Keith Richards

In this blog Personal Finance Society CEO Keith Richards will be keeping you up-to-date with all the Personal Finance Society news, projects and initiatives that we have in the works.

To find out more about the blog  read the first edition here.

We hope you enjoy reading 'Backstage with Keith Richards' each fortnight and that it will give you some insight into the activities of your professional body.

MAY
16
#38 A festival of events

This week Keith recognises key influencers in the personal finance sector and provides an update on the Personal Finance Society's exciting line up of upcoming events.

Read the full article »

APR
18
#37 The risk of another mis-selling scandal

This week Keith offers a warning on the increase in pension transfer activity and provides an update on FAMR on its one-year anniversary. 

Read the full article »

MAR
20
#36 Developing new talent

This week Keith reports on the phenomenal response to the PFS's new apprentice development programme and reflects on the Spring Budget. 

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FEB
21
#35 Offering our thanks

This week Keith offers his thanks to members who continue to support new PFS initiatives and offers an overview of recently submitted consultation responses.

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JAN
24
#34 2017 - a year of continued momentum

This week Keith offers a preview of the Personal Finance Society's activities and priorities in 2017, and calls on members to join a series of pro bono and social inclusion campaigns.

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DEC
13
#33 2016 - a milestone year for financial advice

This week Keith signs off on 2016 by reflecting on a momentous and tumultuous year, and explaining the importance of capitalising on a once-in-a-generation opportunity to reform the advice profession.

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NOV
14
#32 Coming together to share ideas

This week, Keith provides an overview of the launch of this year's National Financial Planning Symposiums and outlines the Personal Finance Society's recent consultation submission on redefining advice.

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OCT
31
#31 A blight on our profession

This week, Keith steps up his campaign against scammers and fraudsters, reports back from his meeting with the new head of the FCA and summarises the PFS's recent consultation submission.

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OCT
14
#30 Having our say and influencing outcomes

This week, Keith provides an update on the Personal Finance Society's recent regulatory consultation submissions, and welcomes a new group of graduates to the Society's ranks.

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SEP
16
#29 Changes across the board

This week, Keith introduces the Personal Finance Society's new board, including incoming president Nick Turner and new member directors Sarah Lord and Adam Owen.

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SEP
6
#28 Committing to gender parity

This week, Keith reaffirms the Personal Finance Society's commitment to gender parity, from both a sector and consumer perspective, and reports back from the first round of judging for this year's personal finance practitioner awards.

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AUG
9
#27 Smarter communications and suitability

This week, Keith reports from a recent meeting with the FCA, hosted by the regulator as part of its focus on smarter communications and suitability reporting. He also reports from an Asset Managers Thinktank which was held after a period when asset managers have come under greater scrutiny from the regulator and consumer groups.

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JUL
26
#26 A milestone worth celebrating

This week, Keith pays tribute to the Personal Finance Society members approaching a significant milestone, and explains why concerns about life companies re-entering the advice market are largely misplaced.

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JUL
12
#25   Broadening the scope of the FSCS review

This week, Keith outlines why the current review into FSCS funding is too restricted in its scope to deliver the fairest and most sustainable solution, after writing to the Treasury, seeking its support to broaden the current consultation to include alternative funding options including a product levy.

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JUNE
29
#24   Brexit - what it means for advisers

This week, Keith responds to last week's Brexit referendum result, ahead of hosting a meeting with members of Europe's largest standard setting and certification body for financial planners and advisers. He also reports from the latest in a series of working groups to discuss the FCA's review of the FSCS funding model.

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JUNE
14
#23   Confidence in the advice profession on the rise

This week, Keith discusses recent survey results which pleasingly reveal that confidence in the advice profession continues to rise. He also responds to the FCA's recent paper on access to financial services, which suggests that consumers looking to take out a mortgage should have access to 'holistic advice and guidance'.

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MAY
31
#22  Seeking an explanation from the Bank of England

This week, Keith responds to irresponsible comments made recently by the Bank of England's chief economist, who wrongly suggested that financial advisers had "no clue" about recent changes to pension regulation. He also reports back from the first formal consultation meeting with the FCA regarding its review of the FSCS funding system.

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MAY
17
#21 A fairer FSCS levy scheme

After meeting with the FCA and FSCS for pre-consultation discussions around a proposed overhaul of the FSCS levy, Keith explains why it's important for advisers to have their say, and previews the next edition of Financial Solutions magazine, which will feature an important voice in the debate.

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MAY
03
#20 Making advice more accessible

This week Keith explains how the proposed pension advice allowance provides another example of the government's recognition of the value of professional financial advice, and urges members to have their say in The Personal Finance Society's latest campaign in the war for talent.

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APR
19
#019  A letter from George Osborne and Harriett Baldwin to Personal Finance Society members

Following the recent Treasury review into the representation of women in senior managerial roles in financial services, the Government has launched the Women in Financial Services Charter. The Chancellor has written directly to the Personal Finance Society and requested that we pass on the details of this key national initiative.

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APR
05
#018 Bonjour! Visiting our friends in Europe

This week Keith shares his reaction to the FAMR report and the Personal Finance Society's ongoing involvement as well as his work in Europe as part of the EFPA board.

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MAR
22
#017 Women of the World, we hear you

This week Keith discusses the importance of women in financial planning as well as the specialist advice needs of women, and also gives his reaction to the publication of the FAMR report.

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MAR
09
#016 It's all happening behind the scenes

This week Keith discusses the work behind the scenes to champion professional advice and the role of financial planning, as well as making our voice heard in discussions with government departments, regulators and our fellow professional organisations.

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FEB
24
#015 Ageing times they are a-changin'

Monday (22nd Feb 2016) saw the launch of the FCA's Ageing Population Discussion Paper, so in this edition of Backstage with Keith Richards, Keith shares his involvement in the initiative as well as his latest work with the consumer media.

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FEB
09
#014 Regional officers recognised

This week Keith shares details of his invitation to the House of Lords, as well as a look at outcomes from the annual Officers' Conference. 

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JAN
26
#013 Members give back through successful CAB scheme

It's been another busy fortnight at the PFS with Keith attending meetings at the FCA as well as with the regulator over on the Isle of Man. In this edition of  Backstage with Keith Richards, Keith discusses the future of MoneyPlan, his latest discussions with the Treasury and the appointment of Andrew Bailey as head of the FCA. 

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JAN
12
#012 2016 - hitting the ground running

2016 has only just begun and already there are lots of exciting developments for our profession starting to take shape. In the first blog post of the year, Keith takes a look at what the next 12 months may have in store both for the wider profession and within the PFS as well. 

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DEC
08
#011 A year in review

In the final Backstage with Keith Richards for the year, Keith looks back on some of the key milestones and achievements of 2015, both from the view of the Personal Finance Society and the profession as a whole. It has definitely been an eventful year and there's lots to reflect on... 

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NOV
24
#010 Change your future!

This week in Backstage with Keith Richards, Keith urges members to have a say in the future of the profession by responding to the Financial Advice Market Review (FAMR). Find out more about the Personal Finance Society's behind the scenes lobbying work. 

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NOV
11
#009 Proactively progressing our public profile.

This week Keith reflects on the success of the first National Financial Planning Symposium in London (fire alarms aside) and the Chartered Awards gala dinner. Keith also discusses his recent meeting with the Treasury on a secondary annuity market and our work with the consumer press to support our President's theme of "raising the profile of professional advice".

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OCT
27
#008 FAMR Continues to Grab the Headlines

This week, Keith discusses the ongoing dominance of FAMR in the trades and how the Personal Finance Society is playing it's part; how we are working with the regulator over on the Isle of Man as well as here in London; and the final preparations being made for our National Financial Planning Symposiums and Chartered Awards evening.

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OCT
13
#007 Full steam ahead with FAMR

In the latest edition of the Backstage blog Keith reflects on the recently announced Financial Advice Market Review (FAMR) and what it means to the industry. He has also had a number of key speaking engagements at the FCA robo-advice event, the FTAdviser Retirement Freedoms Forum in Birmingham and at the Personal Finance Society graduation.

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SEP
29
#006 What's going on across the pond?

Keith has recently been in the States, attending the Financial Planning Association conference in Boston. In the latest edition of the Backstage blog he discusses the global financial advice market, and how the UK is now being seen as the 'Gold Standard'.

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SEP
17
#005 Paraplanning, Pilgrim's, Pension's, and Regulation!

In the last two weeks Keith has been busy! In the latest edition of the backstage blog Keith talks about the success of the recent PFS Purley Paraplanning events, outcomes from the board strategy planning day, results of the society's AGM, collaboration with the Pilgrims' Friend Society, developing "common language" with the ABI, and upcoming meetings with the Pensions Minister Baroness Altmann and the FCA.

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SEP
02
#004 Nearly time to have your say...

September brings to an end the holiday season for most of us and signals the arrival of Autumn. However, September is an important month for the Personal Finance Society's strategic planning as the Board and I review progress and focus on key areas of d...

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AUG
18
#003 Let's grab the opportunity to influence change in our profession

Despite being in the middle of the summer holiday period, it has been a busy week, and included a meeting with City of London Police on consumer fraud and the work we are doing on scam awareness; lunch with the illumin...

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AUG
03
#002 HM Treasury and FCA review welcomed

I welcome the news that HM Treasury has instigated a review into the financial advice market as this follows a Personal Finance Society letter to the Chancellor on 1st July, requesting Treasury intervention. 

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JUL
21
#001 Welcome to my new CEO's blog

I'm very pleased to be writing my very first blog entry for 'Backstage with Keith Richards' - after much consideration of a blog identity, it was of course the younger members of my team who came up with the title...the older members smiled quietly!

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