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Calling on your support in 2017

Blog #34

I hope you've all enjoyed a well earned break and are already in full flow for a prosperous 2017. 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 regulatory proposals.

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 ignored.

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 advice requirement.

We will continue to engage with policymakers throughout 2017, to ensure the profession is properly represented in all discussions and debates.

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 calendar.

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 support.

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 profession.

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.


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