Belated Happy New Year! I hope you've all enjoyed a
well earned break and are already in full flow for a prosperous
In my previous blog I reflected on an eventful 2016 for the
financial advice profession, and so for my first blog of 2017 I
would like to share with you some of the Personal Finance Society's
plans for the year ahead.
Financial Advice Market Review
FAMR will continue to attract much of our attention throughout
2017, as the FCA and Treasury continue to seek input on key
We were pleased with many of the elements contained within the
FCA's consultation paper on funding the FSCS - released prior to
Christmas - but were disappointed that some options may be
We have long argued for the scope of the review to be as broad
and all-encompassing as possible and we look forward to putting
forward our views in a formal submission to the consultation which
closes in March.
In December we responded to the FCA's consultation on updating
Appropriate Examination Standards, and also submitted our response
to the DWP's consultation on overseas pension transfers and the
We will continue to engage with policymakers throughout 2017, to
ensure the profession is properly represented in all discussions
Events and CPD
The evolution of our CPD programme will continue in 2017 with
several major new initiatives and an ongoing commitment to
delivering a relevant, informative and innovative programme of
events and other CPD activities.
Close to 25,000 delegates are expected to attend our events
across the country this year and agendas will include technical
sessions, complemented by soft skills guidance, as well as ongoing
economic updates as Brexit negotiations progress.
We will also host a growing number of specialist events for
paraplanners, Chartered professionals, financial planners and
members of the Society of Mortgage Professionals.
By working closer with our local institutes, we will ensure
members across the country are offered a wide range of insightful
events relevant to their ongoing development requirements.
As many of you already know, our flagship event in 2017 will be
The Festival of Financial Planning, which will be our biggest
conference ever and one of the biggest in the financial services
As well as events, we will continue to roll out good practice
guidance on topical issues in the marketplace, such as our recently
released guidance on peer-to-peer lending.
Call to arms
We will be ramping up our pro bono and consumer-focussed
campaigns in 2017, and will be calling on you to offer your
We have officially launched our national anti-scamming campaign
and are calling on you to join the fight against scammers and
fraudsters who prey on the vulnerable in our community.
Our pro bono and social inclusion initiatives will continue to
play an important role, and throughout the year we will work with
consumer groups including Citizens Advice to extend our programme
of existing and yet-to-be-announced initiatives.
We are expanding MoneyPlan, which is now offered at more than
100 Citizens Advice services across England and Wales, and in the
coming weeks will officially launch Advice for Heroes,
offering injured and recovering service personnel and veterans
access to free generic financial advice.
We clearly have a busy year ahead, but with your help I am
confident that 2017 will be a year of continued momentum for our
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 »