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Backstage with Keith Richards

22th March 2016

Women of the World, we hear you.

 

The WOW Festival took place recently on London's South Bank and the Chartered Insurance Institute was delighted to be a sponsor. The festival which celebrated the Women of the World included a day on women in industry and the CII was in attendance to launch our Insuring Women's Futures initiative. The programme aims to promote and enhance the insurance industry's role in relation to women and risk, both in terms of encouraging more women into the profession and to understand the different risks that women face. I was pleased to attend the festival and to meet with members of the public as this is an area that applies to the financial planning sector as well - so watch this space for a Personal Finance Society dedicated initiative. Based on CII research, women are 10% more likely than men to admit that their "knowledge of financial services is less than it should be". So not only do we have a duty to ensure female members of the public have access to financial advice, but also that we encourage more women into financial planning careers. This is something we are actively working on as we continue developing an apprenticeship for the financial advice market.

Last week I had the opportunity to attend the Regulatory Summit 2016 in Jersey. It was great to visit our friends on the island and to see what good work is being done by the financial advice community and the regulator there. It was a chance for me to further engage with policy makers in jurisdictions affecting our members and their clients.

Clearly one of the biggest announcements of the past fortnight is the release of the Financial Advice Market Review (FAMR) report. As you all know, we were asked to contribute heavily to the review and although the initial announcements could have gone further in a number of areas, it is pleasing to see the value of professional advice is so clearly recognised. More input is required to get this right but I am confident about the changes to come.

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 »