Podcasts about pimfa

In this episode of the FT Adviser podcast senior reporter Alina Khan is joined by Jeff Lange and Buddy Keville, chairman and chief executive of TFAS, Verona Kenny, chief distribution officer at Abrdn Adviser, and Simon Harrington, head of public affairs at Pimfa.The guests discussed the FCA's targeted support proposals and questioned how they might impact the attractiveness of financial advice to clients. Hosted on Acast. See acast.com/privacy for more information.

The Financial Conduct Authority is reviewing consolidation in the financial advice market and has sent a portfolio letter to advisers. But what could the consolidation review entail, when will we see the outcomes of the FCA's ongoing advice review, and how can the FCA work better with advisers in these areas?Amy Austin, news editor at FT Adviser, discusses the regulator's latest push with Rachel Harte, co-founder and director of Money First Aid, and Simon Harrington, head of public affairs at Pimfa. Hosted on Acast. See acast.com/privacy for more information.

With the UK general election mere weeks away, FT Adviser's senior reporter Alina Khan speaks to Simon Harrington, head of public affairs at Pimfa, Ollie Saiman, co-founder of advice firm Six Degrees, and Tom Selby, head of public policy at AJ Bell, about the main parties' manifestos and what the implications of certain policies could be for advisers and their clients. Hosted on Acast. See acast.com/privacy for more information.

Firms are frantically preparing as the deadline is fast approaching at the end of this month. Given the imminent timescale, it is encouraging to note that a survey by Schroders revealed that 19% of advisers said they are fully prepared for consumer duty and 77% said that their preparations are in progress and that they should be ready for the end of July. However, 4% had said that they had not yet started to prepare.This week FTAdviser deputy news editor Sonia Rach talks Gillian Hepburn, head of UK intermediary solutions at Schroders and Alexandra Roberts, head of regulatory policy and compliance at Pimfa on the impending July 31 consumer duty deadline.The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. Hosted on Acast. See acast.com/privacy for more information.

As a profession, financial advice has often been associated with middle aged men and, while this has changed a little bit, the average age of a financial adviser remains in the late 50s.Many of the larger financial advice businesses are now setting up academies to encourage school and university leavers to join the profession but what more can be done to promote financial advice as a profession?This week FTAdviser deputy editor Damian Fantato talks to Sheena Gillett, communications and PR director at adviser trade body Pimfa, Gee Foottit, senior manager in partnership recruitment at St James's Place and James Woods, director of BWD Search's wealth management team.They discuss the extent to which the demographics of financial advice are changing and what advisers and firms can do to encourage more people to the profession.The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests fro the industry to discuss the week in news and pressing industry issues. Hosted on Acast. See acast.com/privacy for more information.

This week FTAdviser deputy news editor Sonia Rach was joined by Alexandra Roberts, head of regulatory policy and compliance at Pimfa, Matthew Connell, director of policy and public affairs at the Chartered Insurance Institute and Andrew Green, head of compliance helpdesk at Threesixty Services to discuss the consumer duty and the impending July 31 deadline.Guests acknowledged some of the key challenges firms are facing ahead of the looming deadline and how they are preparing for it.Given it has now been 10 years since the Retail Distribution Review came into effect - which has been labelled as one of the biggest changes to the adviser marketplace - guests discussed whether the consumer duty will have the same impact and could transform the industry further.Connell said the consumer duty is the FCA:s focus on aspects of the RDR that are 'unfinished business'.The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests for the industry to discuss the week in news and pressing industry issues. Hosted on Acast. See acast.com/privacy for more information.

In December, the chancellor Jeremy Hunt took a trip to Scotland and announced plans to cut or change swathes of financial services regulation as part of the so-called "Edinburgh reforms".He put forward a list of 30 reforms - including some of the rules created after the 2008 financial crisis such as the senior managers regime and ring fencing - in a move Hunt said would allow the UK to "seize its Brexit freedoms".So what will these reforms mean for financial advisers? This week FTAdviser deputy editor Damian Fantato is joined by Simon Harrington, head of public affairs at adviser trade body Pimfa, and Ben Blackett-Ord, executive chair of Bovill, to find out.They discuss how the senior managers regime might be reforms, what Priips ought to be replaced with and what changes to the FCA's remit might mean in practice.The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests fro the industry to discuss the week in news and pressing industry issues. Hosted on Acast. See acast.com/privacy for more information.

The new consumer duty, for which the rules were confirmed in July, won't see a substantial amount of change for advisers, according to the guests on the latest FTAdviser Podcast.Speaking to deputy news editor Sonia Rach, this week's podcast guests, Simon Harrington, head of public affairs at Pimfa, and Mike Barrett, consulting director at the Lang Cat, said there was likely to be little change coming for advisers. In the discussion, they discussed the actual provision of giving advice, assessing suitability and how it differs from the RDR regulation previously.The discussion also touched upon the “theme of proportionality”, taking into consideration the impact the consumer duty will have on one-person advice firms.The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

There is no scope to water down advice but if the industry wants to be able to serve the 15mn people who need advice but don't get it, change is needed, says Simon Harrington.The head of public affairs at the adviser trade body says what is currently possible is rooted in 'handbook guidance', rather than the handbook itself, which makes it risky for advisers to experiment with simpler models. To find out how exactly Pimfa's simplified advice would work, and what are the chances of pushing it through the legislative and regulatory bodies, tune in to this week's FTAdviser In Focus podcast. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Last month, in the Queen's speech, the government announced plans to bring in new legislation to "strengthen" the UK's financial services industry and ensure it acts "in the interest of all people and communities". This will be achieved through a financial services and markets bill which will be introduced the coming year.In this week's podcast, FTAdviser deputy editor Damian Fanato speaks to Langcat director of public affairs Tom McPhail and Pimfa director of government relations and policy Tim Fassam on future of the financial services market bill and what the impact will be. The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Reforming networks' appointed representative models is high on the Financial Conduct Authority's agenda this year, and it's been a subject of much controversy since the publication of the watchdog's consultation in March.According to the FCA, networks generate between 50 and 400 per cent more complaints and supervisory cases on behalf of themselves and their members than firms which are not networks.This led the watchdog to conclude more issues arise from principals and ARs than they do from directly authorised firms. Hence, it deemed a change to the AR regime - introduced back in 1986 - was needed.The FCA has said under new reforms, it would require networks to self-assess each member firm on an annual basis. Adviser trade body Pimfa has since said this will turn networks into “nothing more than extremely well-paid human resources consultants”.Ruby Hinchliffe, Senior Reporter at FTAdviser, spoke with Rory Gravatt, head of distribution and product strategy at Altus, and a former employee of Sesame Bankhall Group and Tenet, which operate AR models, to understand how networks will grapple with these changes.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

In this week's edition of The Advice Show, NMA's James Fitzgerald speaks with PIMFA's Tim Fassam about how the FCA's British Streel redress scheme could affect the pensions transfer market.

This month, the government has finally succumbed to pressure from the industry and included paid-for adverts in the scope of the online safety bill.Essentially, this means social media platforms and search engines will have a legal duty to prevent paid-for fraudulent adverts appearing on their services. This is in the hope that fewer people will be scammed via this method.This week FTAdviser news editor Amy Austin talks to Tom Selby, head of retirement policy at AJ Bell, and Tim Fassam, director of government relations and policy at adviser trade body Pimfa, about whether these proposals will work.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Abridged advice was launched in 2019 to help clients decide whether to go ahead with a defined benefit transfer as part of the Financial Conduct Authority's bid to put an end to unsuitable DB transfers. But has it worked?This week FTAdviser news editor Amy Austin is joined by Fiona Tait, technical director of Intelligent Pensions, and Simon Harrington, senior policy adviser at trade body Pimfa, to discuss whether it has worked.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

The Financial Services Compensation Scheme levy may be one of the issues which most vexes advisers who run their own firms.Indeed the overall FSCS levy has increased in nominal terms from less than £300m in 2011-12 to an expected levy of £717m in 2021-22.The Financial Conduct Authority has accepted this situation is not ideal and it has admitted the burden of the levy has fallen on firms which have done nothing to bring about these liabilities.So now the regulator has set out plans to address this by tackling the root cause of high FSCS costs through a more stringent appointed representative regime, reforms to prudential rules and the prospect of a risk-based levy.This week FTAdviser digital editor Damian Fantato is joined by Tim Fassam, director of government relations and policy at Pimfa, and Claudia Clay, risk and regulatory director at The Private Office, to discuss the proposals.They discuss the FCA's proposal that high-net worth individuals could be ineligible for compensation, whether the scope of FSCS protection should change and whether a risk-based levy is ever likely to see the light of day.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Simon Harrington from PIMFA and the Lang Cat's own Mike Barrett have both done the hard yards and read the papers so you don't have to. In this episode we talk about the FCA's Consumer Duty, what it is, why they are introducing it, who it will affect and whether it will make any difference.

In this edition of The Advice Show podcast, Citywire New Model Adviser reporter James Fitzgerald speaks with Pimfa's director of government relations and policy, Tim Fassam, about the FCA's latest row back on its Financial Services Compensation Scheme (FSCS) levy reduction target and why the regulator needs to come up with a more ambitious solution.

Last month the Financial Conduct Authority published its business plan for 2021-22, setting out how it plans to adapt itself to the "profound forces transforming the entire landscape of financial services". But what does this mean for financial advisers?The FCA has said it will be conducting a review into the scope and coverage of the Financial Services Compensation Scheme. Will this bring about the reform that advisers want? And what impact will the tougher approach on authorisations have?This week FTAdviser's digital editor Damian Fantato is joined by Tim Fassam, director of government relations and policy at Pimfa, and Neil Moles, chief executive of Progeny Group, to discuss these issues.They discuss what the FCA's cancelled suitability review means, whether the FCA's suggestion that it might shift the focus away from the FSCS onto capital adequacy will work and whether a tougher "authorisation gateway" can address issues such as phoenixing.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Earlier this year the Financial Conduct Authority announced plans to review the controversial 10 per cent drop rule, which was introduced by Mifid II in 2018 and means clients must be informed when their portfolios drop by 10 per cent or more.The rule has been suspended since the beginning of the Covid-19 pandemic due to increased market volatility, a suspension which the FCA has said will continue until the end of 2021.But now the UK has left the European Union, what should the FCA do about this rule following its review? Should the rule be scrapped completely? Or can it be saved.This week FTAdviser digital editor Damian Fantato is joined by Tim Fassam, director of government relations at adviser trade body Pimfa, and Greg Davies, head of behavioural science at Oxford Risk, to discuss these questions.They also discuss what advisers can learn about this rule about communicating investment performance with their clients.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Last month the Financial Conduct Authority published its review of the financial advice market post-RDR and FAMR, in which it raised concern about the lack of competitive pressure advisers face, as well as "significant" clustering of fees which, the regulator said, suggested the advice market was not "well-functioning".This week FTAdviser's digital editor Damian Fantato is joined by Tim Fassam, director of government relations and policy at adviser trade body Pimfa, and Alasdair Walker, a chartered financial planner and managing director of HA&W to discuss what this means for advisers.They discuss how advisers can make sure they are offering value for money, whether it is true advisers face little competitive pressure and what advisers should be considering when they set their fees.Then Damian is joined by reporters Amy Austin and Rachel Mortimer to discuss the latest in the British Steel Pension Scheme debacle and the FCA's proposals for the claims management industry.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

The coronavirus crisis has created a "perfect storm" in which scammers can target victims distanced from their support network, according to the guests on the latest edition of the FTAdviser Podcast.This week reporter Rachel Mortimer talks to Myron Jobson, personal finance campaigner at Interactive Investor, and Simon Harrington, senior policy adviser at Pimfa, about the targets scammers have spotted during the pandemic, why social distancing can hamper attempts to stop scams and what advisers can do to protect their clients and their businesses.Then, Rachel talks to reporters Amy Austin and Imogen Tew about the spending review and the FSCS levy.The FTAdviser Podcast is the weekly podcast for financial advisers brought to you by FTAdviser.com. See acast.com/privacy for privacy and opt-out information.

Thousands of younger people in Britain will suddenly come into a lot of money, and they will need help in investing it tax-efficiently and in line with their ethics and values.But if your clients are happy to recommend you to their children and grandchildren, what measures have you put in place to make sure that the advice journey these younger clients start with you will also end with your firm? Will they stay the course or jump ship?And how can you make sure that you capture that audience in that first place? Tim Fassam, director of government relations and policy for Pimfa, Giles Dunning, partner at Stephens Scown, and Shaun Godfrey, head of marketing at St James's Place, discussed these issues with Simoney Kyriakou, editor of Financial Adviser, on the latest FTAdviser podcast.Moreover, the panel urged change within the industry. They called on financial advisers to think harder about how to start attracting into the sector the kinds of staff that will speak to a wider potential demographic of clients. All of this succession planning for the client, they told FTAdviser, would help their own firms: a virtuous circle.The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser.com. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Fixing regulatory fees is an urgent issue - but only part of the problem, according to guests on the latest FTAdviser Podcast. The entire system of financial regulation in the UK is "broken" and needs to be fixed with a wholesale, root-and-branch review of the retail financial market and the advisers who serve consumers in this space.Joining Simoney Kyriakou, editor of Financial Adviser, to discuss the issues on this podcast are Gemma Harle, managing director of Quilter Financial Planning, Rob Sinclair, chief executive of the Association of Mortgage Intermediaries; Tim Fassam, director of government relations and policy at Pimfa; and Keith Richards, chief executive of the Personal Finance Society. The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser.com. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues. See acast.com/privacy for privacy and opt-out information.

Clare Moffat, Head of Intermediary Development and Technical, debates the key findings from our new research report, Feeling the benefit of financial advice, with Paul McCabe at Astute Financial, Rob Harvey at Drewberry Insurance and Tim Fassam at PIMFA. Our findings reveal that financial advice helps to improve the emotional wellbeing of customers by making them feel better about their money, and themselves.

The coronavirus pandemic has highlighted the complexities of working with vulnerable clients, as so many people find themselves coping with anxieties about health and the economy. Last month the Financial Conduct Authority published guidance on vulnerable clients, but what does this mean for advisers? And what can advisers learn about vulnerable clients from the past six months?FTAdviser's digital editor Damian Fantato is joined by Pimfa's senior policy adviser Alex Roberts and Claudia Clay, director of risk and regulation at advice firm The Private Office. They discuss whether it's possible to meet the FCA's guidance on vulnerable clients while using video conferencing, what the most common pitfalls are when advising vulnerable clients and why the FCA's guidance needs to go further if it is to truly help advises.Then Damian is joined by FTAdviser reporters Imogen Tew and Amy Austin to discuss the likelihood of tax changes in the upcoming Budget and the effects of the FCA's recent proposals on open-ended property funds.The FTAdviser Podcast is the weekly podcast for financial advisers brought to you by FTAdviser.com. See acast.com/privacy for privacy and opt-out information.

The FSCS levy — and the burden it places on advisers — is a controversial topic, with the latest levy hike landing landing a total bill of £635m on advisers and providers for 2020-21. This week Imogen Tew, investment reporter at FTAdviser, looks into the problems and potential solutions with Ian Cornwall, director of regulation at adviser trade body Pimfa, and Tim Harvey, director at HR Independent. The FTAdviser Podcast is the weekly podcast for financial advisers brought to you by FTAdviser.com. See acast.com/privacy for privacy and opt-out information.

With major projects in the works, it's all go for Boris Johnson's fledgling government but Bloomberg Opinion's Therese Raphael wonders if the Tories can manage it all. And a battle brews with Brussels over financial services. John Barass, deputy chief executive of financial industry body PIMFA, tells Bloomberg Westminster's Caroline Hepker and Sebastian Salek that equivalence may not be necessary after Brexit but a managed transition is. Ahead of Labour's TV leadership debate, Paula Surridge from Bristol University says the party's defeat runs deeper than Corbyn and Brexit.

The FTAdviser Podcast is the weekly podcast for financial advisers brought to you by FTAdviser.com. In this week's episode, Michael Pashley, group training and knowledge director at SimplyBiz, and Ian Cornwall, director of regulation at adviser trade body Pimfa, discuss what advisers need to do as next month's deadline for the senior managers and certification regime looms, and what will happen after that passes. See acast.com/privacy for privacy and opt-out information.

Uploaded to our channel by kind permission of PIMFA, Julie talks to PIMFA Head of Learning, Philip Allen about the key topics from Worskmart's SM&CR panel session at the PIMFA annual summit.

FTAdviser Podcast is the weekly podcast brought to you by FTAdviser. This week, Liz Field, chief executive of Pimfa, joins us to discuss the week in news, including how advisers can prepare for Brexit and why her members' clients are asking, what are you doing in the event of a Labour government? Ms Field also talks about what advisers can do to prepare for SMCR. See acast.com/privacy for privacy and opt-out information.

This is part two of a two-part episode. We published part one on August 21st as Rebank episode 99.   We recently participated in an event with PIMFA, the UK Personal Investment Management and Financial Advice Association, on the subject of Millennials and Financial Services, as part of a research project they're undertaking.   The research looks at how people in their 20s and early-30s think about life, work and the future, and how that influences their financial decisions.   We spoke with a range of guests at and around the event, ranging from incumbent investment managers to fintech startups to millennials themselves and stitched those conversations together into this two-part episode.   In part one, we heard from PIMFA's CEO, Liz Field, and Head of Research, Gary Sunderland, as well as Sally Allan of Wealthify and Ellie Duncan of the FT.   In part two of the episode, we sit down with Nina Mohanty of fintech marketplace platform Bud and Sophie Winwood, formerly of Innovate Finance and soon to be with Anthemis, for a deeper dive into the way Millennials think about life, work and money.   A huge thanks to PIMFA for coordinating the event and facilitating our involvement.   As always, connect with us on Twitter, Facebook, LinkedIn or on our website at bankingthefuture.com.   If you like today's show, please subscribe on iTunes, or your podcast platform of choice, and leave us a review. Thank you very much for joining us today. Please welcome, Nina Mohanty and Sophie Winwood.

Hello and welcome to Rebank. I'm your host, Will Beeson. This is part one of a two-part episode.   We recently participated in an event with PIMFA, the UK Personal Investment Management and Financial Advice Association, on the subject of Millennials and Financial Services, as part of a research project they're undertaking.   The research looks at how people in their 20s and early-30s think about life, work and the future, and how that influences their financial decisions.   We spoke with a range of guests at and around the event, ranging from incumbent investment managers to fintech startups to millennials themselves and stitched those conversations together into this two-part episode.   In part one, we'll hear from PIMFA's CEO, Liz Field, and Head of Research, Gary Sunderland, as well as Sally Allan, Chief Marketing Officer of Wealthify, a roboadvisor, and Ellie Duncan, Deputy Content Editor at FT Adviser.   In part two of the episode, which we'll release in the coming weeks, we'll hear from Nina Mohanty, Business Development at fintech marketplace platform Bud, and Sophie Winwood, formerly of Innovate Finance and soon to be with Anthemis, a Venture Capital firm, for a deeper dive into the way Millennials themselves think about life, work and money.   A huge thanks to PIMFA for coordinating the event and facilitating our involvement.   As always, connect with us on Twitter, Facebook, LinkedIn or on our website at bankingthefuture.com.   If you like today's show, please subscribe on iTunes, or your podcast platform of choice, and leave us a review. Thank you very much for joining us today. Please welcome, Liz Field, Gary Sunderland, Sally Allan and Ellie Duncan.