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Money Marketing RDR Invitational Chairman’s Welcome & opening remarks
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  1. Money Marketing RDR InvitationalChairman’s Welcome & opening remarks Dr Peter Williams FCII FPFS Chartered Financial Planner Independent Business Consultant October/November 2011

  2. Wealth warning • This is a generic presentation to fellow professionals • I am not FSA regulated or authorised and this is not investment advice • Comments are based on my professional opinion • Legislation and regulations will change. So will client’s circumstances Oh, and .... • I am Chairman of the CII’s QEAC and a past Vice President of the CII and PFS ...and..... • Remember about mobiles and fire exits !

  3. We are in turbulent times

  4. A time to buy? A time to sell?

  5. Is inflation a concern? Source: Bank of England Inflation Report, August 2010

  6. RDR – Other Regulatory & Legislative Changes too • €uro woes • MiFID II • Solvency II (III) • Government Policies – including Welfare, LTC and Pensions • RPI/CPI • NEST/ auto enrolment • etc

  7. A nation of ostriches • According to an HSBC report (17,000 individuals in 17 countries) published in May 2011 • 39% of people in the UK have a financial plan to save for their retirement • Far fewer than in Malaysia & China (84% in Malaysia) • How many HNW individuals have a financial plan? My Middlesex University research would suggest ‘few’ • How many times have you heard from business owners “My business is my pension” ?

  8. “...A million more small businesses by the end of the decade...” From a study commissioned by Bibby (Liverpool group that provides finance for small businesses) Anthony Hilton, Evening Standard 12 October 2011

  9. Linda WoodallHead of Investment Intermediaries, FSA (Speaking at a PFS event in October, said) The RDR is about “ improving the market for consumers and firms” Intermediaries (IFAs) need to concentrate on Professional Standards Service Propositions Charging structures Systems and controls

  10. We have a GREATprogramme for you today that addresses many of these issues

  11. Professionalism • QCF Level 4 is now a hygiene factor • If you haven’t started – that’s your priority task after today • If you have an old Diploma (J), AFPC, ACII, etc...Gap Fill • If you have a new Diploma (R papers) - no gap fill • SPS – from an Accredited Body • Long term – Level 6 – Chartered Financial Planner Don’t forget - More than just exams

  12. Dr Peter Williams FCII FPFSIndependent thinking for the new age Tel: 07712167605 Email: peter@docwilliams.plus.com