FCA unveils final Consumer Duty Rules
Graham works within the Strategic & Technical team at Columbia Threadneedle Investments. Graham has undertaken a variety of adviser focused roles since 2003. Over the last few years he has been responsible for developing and delivering presentations at seminars across the UK on a broad range of investment and financial planning related topics. Graham holds a number of industry qualifications, including the CFA Certificate in ESG Investing, Investment Management Certificate (IMC), Diploma in Investment Management (ESG) and has more than 20 years’ industry experience. Graham previously worked with both Edinburgh Fund Managers and Scottish Widows.
28 July 2022
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"Paul has worked in financial services for 30 years. His career includes Business Development Manager for a Pension Specialist, Sales Director of an IFA for 10 years. Paul has a wealth of experience in Learning & Development, with several senior roles including AEGON Scottish Equitable, Countrywide FS and more recently Quilter where he created and ran a highly successful technical training academy for advisors to qualify for Level 6 Chartered status before joining BMO in February 2021.
Paul is a life-long learner of not just technical content but also, influence and persuasion skills. He has spent over 30 years and more than 10,000 hours studying the tools, strategies and techniques to present, persuade and sell ideas powerfully, confidently and convincingly. His passion for self-development led to his transition to a career in training and coaching roles where he has worked for the last 15 years.
With his ability to present complex financial planning information in an easy to understand format combined with a strong emphasis on turning technical knowledge into tangible results, his presentations and training are always high in demand. Paul is a Chartered Financial Planner and a Fellow of the Personal Finance Society. He is also qualified as practitioner in both NLP and MBTI."
26 July 2021
The government have reaffirmed their intention to raise the normal minimum pension age from 55 to 57 in April 2028.
This announcement follows further consultation regarding their proposed ‘protection regime’. This was designed to ensure that certain categories of scheme members would be exempt from this new requirement and maintain a lower retirement age.
Members of ‘uniformed pension schemes’ including armed forces, police and fire services, will be exempt from the new rules.
Providing clients and their advisers with seven years to plan for this change is excellent. However, this may also add further complexity to clients’ decision-making processes. For example, the ‘block transfer’ rules will still be maintained, allowing some members to take their benefits early. Such complexity highlights the need for sound professional advice.
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Graham works within the Strategic & Technical team at Columbia Threadneedle Investments. Graham has undertaken a variety of adviser focused roles since 2003. Over the last few years he has been responsible for developing and delivering presentations at seminars across the UK on a broad range of investment and financial planning related topics. Graham holds a number of industry qualifications, including the CFA Certificate in ESG Investing, Investment Management Certificate (IMC), Diploma in Investment Management (ESG) and has more than 20 years’ industry experience. Graham previously worked with both Edinburgh Fund Managers and Scottish Widows.
26 April 2021
On 21 April the EU confirmed the introduction of ‘sustainability preferences’ under MIFID II, as a top up to the suitability assessment.
HM Treasury and the FCA, due to the UK leaving the EU, will not be automatically onboarding any new MIFID regulation or directives. However, they have clearly stated that they are looking to at least match the ambition of the EU. In the recent letter to the FCA, HM Treasury indicated that the future objectives of the FCA must be aligned to mobilising private capital (investment and pension funds) to meet the Net Carbon targets set by the UK Government by 2050.
The response from the FCA came through a virtual town hall meeting on 13 April where they stated:
“Financial markets will have a crucial role to play in making the transition to a carbon neutral UK, and as the supervisor of these markets, we intend to play our part.”
The direction of travel in this space is indicating that there is every probability that the UK (FCA) follow a very similar path, therefore advisers may want to start or enhance the process of embedding Responsible Investment into their investment strategies
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Graham works within the Strategic & Technical team at Columbia Threadneedle Investments. Graham has undertaken a variety of adviser focused roles since 2003. Over the last few years he has been responsible for developing and delivering presentations at seminars across the UK on a broad range of investment and financial planning related topics. Graham holds a number of industry qualifications, including the CFA Certificate in ESG Investing, Investment Management Certificate (IMC), Diploma in Investment Management (ESG) and has more than 20 years’ industry experience. Graham previously worked with both Edinburgh Fund Managers and Scottish Widows.
30 March 2021
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Graham works within the Strategic & Technical team at Columbia Threadneedle Investments. Graham has undertaken a variety of adviser focused roles since 2003. Over the last few years he has been responsible for developing and delivering presentations at seminars across the UK on a broad range of investment and financial planning related topics. Graham holds a number of industry qualifications, including the CFA Certificate in ESG Investing, Investment Management Certificate (IMC), Diploma in Investment Management (ESG) and has more than 20 years’ industry experience. Graham previously worked with both Edinburgh Fund Managers and Scottish Widows.
9 December 2020
The FCA has published an evaluation of its work on the financial advice market, assessing the impact of both the Retail Distribution Review and the Financial Advice Market Review. Here is what the FCA found.
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