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Backstage with Keith Richards

27th October 2015

FAMR Continues to Grab the Headlines.


Since my last blog, there has been one topic in particular that has been dominating our trade headlines, and that is Financial Advice Market Review (FAMR). Speaking engagements also continue to roll in for conferences and events, and coupled with the recent developments in FAMR, this has made for almost daily headlines.

I recently shot a video interview for FTAdviser on the subject of proposed reforms and attended the first roundtable of the FAMR, chaired by Charles Roxburgh, Director General, Financial Services at HM Treasury and Tracey McDermott, Acting Chief Executive of the FCA, over at FCA HQ. As per recent communications to members, this reaffirms my personal views that this Government-led initiative is the most significant to recognise the value of professional advice. It's difficult to say what the level of reform will be at this stage, but there is little doubt that their core objective of what needs to be achieved is to identify what needs to change to increase access to advice for the wider public.

Over the last few weeks we have been busy judging for our 2015 Chartered Awards, with the winners being announced at the Gala Awards Dinner on Monday 2 November at the Royal Lancaster Hotel, London. Competition has been very strong which made judging all the more difficult as all the finalists were potential winners.

I was delighted to get involved in a new initiative that our London regional committee is kick-starting in conjunction with the London Insurance Institute; a Next Generation event. The networking evening brought together aspiring and newly qualified Financial Planners, administrators and paraplanners to launch the new group.  The group aims to bring together the next generation of financial planners - as it is these members who will ultimately be taking our profession forward.  I must say it was a little strange to attend an event where none of the delegates were sporting grey hair...other than me of course!

At the start of last week I made the trip over to the Isle of Man to attend our regional conference and to also meet with the local government and regulators. As a result we have been invited to meet regularly to assist and input into various reforms on the island on behalf of our members.

The big focus for myself and the whole team for next week is our first National Financial Planning Symposium which is taking place in London on Monday. It's an exciting yet busy time here at Personal Finance Society HQ as we put the finishing touches to our flagship events of the year.

With a focus on the future of financial planning, these events will gather together some leading figures from the financial planning community and will include a number of practitioner-led sessions to ensure that members receive both inspirational and business-relevant content.

We're naturally looking forward to celebrating the achievements of our members at the Chartered Awards Gala Dinner that evening. It's always a pleasure to meet with members and a real privilege to acknowledge standards of excellence by our award winners.

Best wishes,


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 »