FCA Update on Consumer Investment Strategy
FCA publishes One Year Update on Consumer Investment Strategy, along with the Consumer Investment Data Review covering April 2021 to March 2022.
The attachment & review can be found here
Featured: FCA Update on Consumer Investment Strategy PIMFA Weekly News Bulletin
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PRESS
RELEASES ABOUT PIMFA D&I AWARDS WEALTHTECH
WEEKLY NEWS BULLETIN 24 OCTOBER 2022
We are delighted to congratulate the winners of the PIMFA Diversity & Inclusion Awards 2022!
Thank you to everyone that joined us on Wednesday at the Sheraton Park Lane to make it such a wonderful evening, celebrating the achievements of individuals and firms across our industry in D&I.
FCA Consumer Duty webinar
On 18 October, the FCA hosted a Consumer Duty webinar setting out their expectations of firms and outlining their supervisory process. The session focused on consumer investment, with areas discussed including:
• Application of the Duty (the Consumer Principle, cross cutting rules and the four outcomes)
• Key milestones (31 October 2022 | 30 April 2023)
•
•
•
• Proportionality, smaller firms and sector
requirements
•
• Information flows, outcomes
data
Distributors
Financial advisors
Material influence • Duty champion
specific disclosure
FOS interpretation
monitoring and
The link to the webinar can be found here
Regulatory Forum
This monthly forum provides updates on regulatory hot topics from the PIMFA team and select associates, giving an opportunity to share best practice and get the latest intelligence on policy matters.
The next Virtual Regulatory Forum is on Tuesday, 25 October between 3pm-4pm
Topics will include:
• Review of Advice/guidance boundary
• Update on the Financial Services and Markets Bill
• Update on the Consumer Investment Market Strategy
• FCA: Financial Lives Survey
Attendance of the PIMFA Forums is open to any representatives from Member and Associates firms, if you or any of your colleagues would like to attend next week’s or future forums, please email Heidi Bryant
The 2022 Q4 PIMFA Asset Allocation Survey is open
Complete this quarter's survey, and you can:
• Receive a complimentary, 40 page report, showing you how the strategic asset allocations of your firms model portfolios compare to others
• Enable the index weight methodology for the MSCI PIMFA Private Investor and Equity Risk Index Series’ to ensure they remain relevant benchmarks for the UK wealth management sector Survey closes 28 October.
Click here to submit.
Latest PIMFA Press Releases
PIMFA welcomes Chancellor’s intervention to bring stability and confidence back to UK financial markets
PIMFA welcomes FCA action to protect prevent harm in the consumer investment market
PIMFA celebrates winners of its second Diversity & Inclusion Awards and previews ‘TIDE’ launch
PIMFA delighted to welcome Courtney Havers’ Ray Tuffield to its Board
Statement reaction from Liz Field, Chief
of PIMFA: “Inflation remains key problem facing households and the economy.”
more
here
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International Adviser: 17 investment firms blocked by FCA due to phoenixing fears FT Adviser: FCA to consult on advice regime for stocks and shares Isas Financial Planning Today: What’s left from the mini budget? More than you think CCR Magazine: PIMFA welcomes Chancellor’s intervention to bring stability and confidence back to UK financial markets Investors’ Chronicle: How to diversify your portfolio in the current environment See more of PIMFA in the press
EVENTS & LEARNING
PIMFA Sustainable Finance Conference LIVE IN LONDON 22 November | 09:00 - 17:30
PIMFA LIVE ONLINE TRAINING: OUTSOURCING, THIRD-PARTY RISK AND RESILIENCE HOW WEALTH MANAGEMENT FIRMS CAN MINIMISE RISK
26 October 2022 | 09:00 12:30
Change is happening. Governments are legislating for mandatory climate disclosures, new rules and regulations are constantly being announced while impacts on firms are still being evaluated.
The Conference 2022 aims to provide attendees with the latest information firms will require to ensure they are ready for what is coming and the opportunities these changes will create for their clients and the sector.
Super Early Bird tickets available now!
For more information and to register, please click here
In this live, interactive, online training session provides Wealth Managers with both a checklist and framework they can use to minimise risk much more effectively, even with a complex network of third party relationships.
For more information and to register, please click here
PRESS RELEASES ABOUT PIMFA D&I AWARDS WEALTHTECH
Contact
Personal Investment Management
Association (PIMFA) 69 Carter Lane, London, EC4V 5EQ (registered in England No 2991400)
PIMFA WEEKLY NEWS BULLETIN | 24 OCTOBER 2022
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