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
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.
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 »