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PIMFA WEEKLY NEWS BULLETIN | 16 August 2021 Dear Nigel,
Welcome to the PIMFA Bulletin; grab a coffee and take 10 minutes to read the latest industry news impacting you and your firm.
Member meeting on proposed changes to UK PRIIPs regime
PIMFA are holding a member meeting on Tuesday 31 August (10.00 to 11.30) to discuss the FCA's proposals to amend the UK PRIIPs regime (FCA CP21/23), to outline the position that PIMFA has previously taken on the issues involved and to seek feedback from members on how we should respond. If you are interested in attending, please contact Sarah McGuffick.
PIMFA Appointed Representative work
You will have seen recent movements by the FCA related to the Appointed Representative (AR) regime. PIMFA are looking for firms with a network of ARs to get in contact with us in order to support the FCA’s ongoing work.
If you would like to participate in this initiative, please contact Simon Harrington.
Latest PIMFA Press Releases
FCA Consumer Duty must be accompanied with clarity for firms and understanding of their business models
Latest PIMFA Press Coverage
IFA Magazine: PIMFA’s Liz Field highlights unintended consequence of RDR | Ten Year Retrospective
PIMFA welcomes FCA proposals to streamline decision making PIMFA welcomes Government moves to improve fraud reporting by replacing Action Fraud – but says action through the Online Safety Bill would be more effective Coalition of consumer groups, charities and industry bodies calls for inclusion of paid-for online advertising in Online Safety Bill PIMFA welcomes FCA business plan proposals to prevent harm arising in the market faster and more effectively
IFA Magazine: More than 20 million have been targeted by financial scammers
FT Adviser: Will the FCA's proposals fix the FSCS levy?
Professional Adviser: DWP and FCA pension guidance could be 'confusing and costly'
FT Adviser: FCA urges govt to change online ads position over scam fears
EVENTS & LEARNING
Diversity & Inclusion Awards Entries Close: 31 August | Event Date: 20 October 8 Categories 15 Judges ENTRY DEADLINE EXTENDED TO 31 AUGUST FREE to Enter WHY ENTER? •
High profile FREE opportunity to raise awareness of the fantastic work you and/or your firm have been doing over the last 12 months
•
Build the credibility and diversity of your industry while showcasing your firm and staff
•
Attract the best talent you need to push your business forward and gain a competitive advantage
•
Showcase your new initiatives while gaining inspiration and ideas from your peers
•
Gain recognition for your expertise and share your experiences and insights.
Have you or your firm been involved in a diversity & inclusion initiative that you are particularly proud of? Would you like to highlight this work and gain recognition for you and your colleagues? If so, we encourage you to enter one or more of the 8 categories available at the PIMFA D&I Awards.
Find out more and start your entry
View upcoming PIMFA Events and Learning here.
UPDATE: FCA Covid-19 Impact Survey
Further to the FCA announcing their plans to issue their Covid-19 Impact Survey to firms in Tranche 1 for a fifth time, they are now repeating this for the relevant firms in Tranche 2 on one of the following dates:
Batch 1: to be sent on 23rd August 2021 - response due by 20th September 2021
Batch 2: to be sent on 24th August 2021 - response due by 21st September 2021 Batch 3: to be sent on 25th August 2021 - response due by 22nd September 2021 Batch 4: to be sent on 27th August 2021 - response due by 24th September 2021
They will send a warm-up/introduction email to all the firms at least 1 day prior to them receiving the survey.
Completion of the survey is mandatory under section 165 of the Financial Services & Markets Act (FSMA) 2000.
PIMFA's Consultation Responses
PIMFA’s latest Consultation Response is to the FCA's CP21/13: a new Consumer Duty. Read this and all other PIMFA consultation papers here.
Find Out More About PIMFA ...
Bulletin is just one of the many insights and publications PIMFA produces on the latest industry news and issues - most of which are accessible to PIMFA members only.
If you have a query on how to become a member firm, the work we undertake or anything in Bulletin, please contact us at info@pimfa.co.uk.
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