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Backstage with Keith Richards

24th November 2015

Change your future!

 

Since my last blog, it has literally been non-stop; between our National Financial Planning Symposium in Newport, to calls with consumer journalists, various meetings with members, the FCA and government - including Pensions Minister Ros Altmann - there has literally been  no gaps...but I wouldn't want it any other way!

Celtic Manor played host to our second Symposium last Wednesday, and I was delighted to see so many members from Wales and the West attending. We were lucky enough to have David Batchelor taking on Chairman duties once again, and I'm pleased to say the day went off without a hitch with some excellent feedback overall.

A lot of my time continues to be taken up with interviews and calls with various editors from consumer financial press. We know how important it is to you that the public is aware of the role and value of professional advice; and as a result it is one of our key objectives for the current and coming years. Over the past couple of days I have been quoted in the FT, Telegraph and Express in response to the Government's announcement that the basic state pension will increase by 2.9% from next April, and on the impact the new pension freedoms may have in short-term spending of pension funds and the possible knock-on effect this will have on our welfare system. I'm really positive that the continued and growing level of work we're doing in the consumer world will help to build greater awareness and trust in our profession.

I'd like to take this opportunity to reiterate the importance of the Financial Advice Market Review (FAMR) which is currently being discussed by Treasury and the FCA. As I've mentioned in previous blog posts, this is a rare chance for all of us to have a say on matters of public interest and the future of our profession. The Treasury and FCA have been touring the country hosting round table discussions with practitioners to make sure that the real issues and real implications are understood and incorporated into the review. But we all have a chance to contribute and make sure that our views are heard. We are actively contributing to the Review, but I'd like to reiterate my call to all members; if you have balanced, constructive views on any or all of the objectives,I urge you to respond to the call for input.

You can view the FAMR Call for input document which includes the list of questions which Treasury and FCA would like you to consider. Please then send your comments via one of the following methods:

Email: FAMRSecretariat@fca.org.uk

In writing:

FAMR Secretariat
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Best wishes,

Keith
 

About the Blog

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.

Read past editions of the blog »