A year in review.
At our recent National Financial Planning Symposiums it was
great to talk to so many members attending for the first time and
it was especially good to hear how well they're doing, both from a
personal and business perspective. The events seem to have really
inspired delegates to think about evolving their businesses to
satisfy the needs of tomorrow's digitally immersed consumer.
2015 has been a good year for the Personal Finance Society and
the advice profession more broadly. Whilst the year will
undoubtedly be remembered for the introduction of widespread
pensions freedoms, it has brought in to sharper focus the
importance and value in professional advice at key life stages.
One consequence of the increased demand for financial advice has
been the launch of the Government's Financial Advice Market
Review(FAMR), with the aim of understanding how advice can be made
more accessible to more consumers. We remain fully engaged in the
FAMR process and it's been great to introduce members to the
various round tables held around the UK to ensure practitioner
voices are heard and valuable insight and experience that can only
be gained at the coalface, will be a good contribution to
influencing future outcomes.
I believe we are at the beginning of a new era in which
consumers will begin to understand the need to focus on self,
rather than, state provision. There is real potential to
reinstate a savings culture in the UK and the significance of this
momentum is something we as a profession should wholly embrace.
We will remember 2015 as the year we launched our consumer website, with
its brand new accredited adviser
directory. We are excited to now be enhancing this with
specialist registers to help consumers find retirement and later
life advice specialists more easily. Widening consumer awareness of
this important tool will remain a core objective for us in
As this is my last blog for 2015 it remains for me to wish you
all a fantastic Christmas and a prosperous New Year. I'll be back
in the new year to share more insights into our behind-the-scenes
lobbying work with Government and Regulator.
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 »