Monthly Archives

April 2016
  • 15 Apr 2016

    FAMR: Report is Out

    In a nutshell the FCA report seeks to address three main concerns as this extract details: 1. AFFORDABILITY We believe that the RDR has brought about a positive step change in the quality of advice available to those with larger amounts to invest. However, steps need to be taken to make the provision of advice and guidance to the mass market more cost-effective. We make a number of recommendations intended to allow firms to develop more streamlined services and engage with customers in a more effective way. These include a proposal that the FCA should set up a dedicated team to help firms developing mass-market automated advice models to bring these to market more quickly, and that HMT should consult on amending the definition of regulated advice.
  • 14 Apr 2016

    Case Study: CPD

    In The Intensely Regulated World Of Financial Services, Examination Success Is A Must, Particularly For Advisers And Other Client-Facing Staff. Not only are there minimum qualification requirements imposed by the FCA on all those working as financial advisers but in this highly competitive market, there is an increasing need for individual advisers and their firms to ‘stand out from the crowd’ in order to win and retain business.
  • 14 Apr 2016

    Brexit: “In? Out? What’s It All About” for Financial Services?

    BREXIT: "IN? OUT? WHAT'S IT ALL ABOUT" FOR FINANCIAL SERVICES? THE FINANCIAL SERVICES SECTOR’S IMPORTANCE TO THE UK’S ECONOMY AND THE IMPACT ON LEAVING IS CRUCIAL TO THE BREXIT DEBATE, AS: The FS account for 8% of the country’s GDP, and around 3.5% of all British job Financial services and related professional services accounted for 11.8% of UK GDP 
 in 2013 and employed over 2.1million people Financial services accounted for 11.5% of total tax receipts for 2013 and 2014. In addition, the financial sector generated a trade surplus of £67 billion in 2013, more 
 than all other net exporting industries. FDI in the industry was £100 billion.
  • 14 Apr 2016

    Apprenticeships: Time to Review Your Recruitment Strategy

    It Will Come As No Surprise To Realise Major Employers Are Reviewing Their Recruitment Strategies Now In An Attempt To Capitalise On The Apprenticeship Route Without Delay FROM APRIL 2017 ... employers will be taxed in the form of a 0.5% apprenticeship training levy on their wage bill. As there is a £15,000 credit before the levy has to be paid it is those employers with an annual wage bill of over £3m that will be funding the country’s training. Fortunately, whereas the bigger players pay the levy, smaller employers can gain by hiring apprentices and claiming their external training via a different mechanism yet to be determined.
  • 14 Apr 2016

    Apprenticeships: Top of Recruitment Agendas

    WHY ARE APPRENTICESHIPS NOW THE TOP OF RECRUITMENT AGENDAS? APPRENTICESHIPS HAVE BEEN AROUND... ...for a long time, in fact dating back to the 12th century before flourishing by the 14th century. In those days the parents of a minor would agree with a Guild's Master craftsman the conditions for an apprenticeship which would bind the minor for between 5 and 9 years from the age of 14. They would pay a "premium" to the craftsman and the contract between them would be recorded in an indenture. Upon completion the apprentice would become a Master craftsman and create their own business, a new contribution to economic growth.
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