Transcript Compliance Update

Bankhall Compliance Update
Charlie Edwards
Regional Manager – Consultancy Services
Compliance Update
• TCF
• FSA thematic work
• GABRIEL
• Bankhall support – ‘showing now’ or ‘coming soon..’
TCF, TCF and more TCF
 FSA’s enhanced strategy for small firms continues into
2009
 Next area of FSA focus – South East
 Sequence of events:
FSA road show
1 hr Mini Assessment
Potential FSA follow up visit
 TCF Update – Members’ feedback from FSA visits
December TCF deadline - Will you
meet this?
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‘Challenge Yourself’ Checklists now available online
Checklist for each TCF consumer outcome
Now including tailored checklists for Sole Traders
TCF update – Members’ feedback from FSA
assessments
• TCF ‘business as usual’ from January 2009
FSA’s current thematic work
• TCF Related Projects:
Quality of advice processes
Pensions
Payment protection insurance / Protection
insurance
Controls over ARs
• Non TCF Projects:
Mortgage fraud
Regulatory returns
GABRIEL
• System problems experienced – FSA apologises for
difficulties
• All firms should now have had contact from the FSA
• Compliance Bulletins - September 08 & October 08
• Reporting changes
– Exempt CAD firms – some changes including
quarterly reporting for some items
– Non MiFID firms / Mortgage GI firms – no material
changes
– BIPRU firms – no change
Bankhall Support
‘Showing Now’ or ‘Coming Soon’…
• Data Security Guide
• New Technical Guides*
– Exchange traded funds
– Structured products
– Variable annuities
– QROPs
– Updated Business Protection guide – now including share
purchase protection calculator.
• Suitability Letter Generator
– Corporate investment letter now available
– Revised pension letters coming soon
* Access to Technical guides may be dependent on membership package
The Knowledge Forum- Review of 2008
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Over 190 Courses delivered
Over 1800 members attended
Over 2600 registrations via www.bankhallonline.com
Excellent feedback
Over 90% of attendees found courses informative
86% found the courses fulfilled learning objectives
93% would recommend courses to colleagues
Testimonials- What You Said….
IHT & Trusts - Zurich
“Excellent Course – Very useful”
Business Protection – Friends Provident
“Very Good”
Pearson Jones
Lighthouse Services
Introduction to Supervision- Bankhall
“Enjoyed the Course, trainer was excellent”
Boolers
HR1/ Equity Release- Just Retirement
“Very useful, concise and informative” Mortgage Advice Bureau
The Knowledge Forum 2009
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2009 will see wider subject and topics to choose from
More Qualification Courses
Wider regional coverage
Continued easy registration process
Directed Email Marketing
Enhanced Competence Tools
Increased Marketing
Qualifications- Mini survey…
To assess the range of qualifications you would be
interested in receiving training for in 2009, please
indicate using your key pads buttons.
Please indicate your top two choices for the following
qualification areas:
• Certificate Qualifications
• Diploma Qualifications
• Advanced Diploma
• Specialist Exams
Certificate Qualifications
1st Choice
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Press 1. CFP – (All Inclusive Modules) (CII)
Press 2 CF2 Investments & Risk
Press 3. CF8 Long Term Care (CII)
Press 4. CeFA (All Modules) (IFS)
Press 5. CeRER- Regulated Equity Release (IFS)
Press 6. CeRCC-Regulated Customer Care (IFS)
Press 7. CeRCH-Regulated Complaints (IFS)
Press 8. FA1 Life Office Administration (CII)
Press 9. FA2 Pensions Administration (CII)
Certificate Qualifications
2nd Choice
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Press 1. CFP – (All Inclusive Modules) (CII)
Press 2 CF2 Investments & Risk
Press 3. CF8 Long Term Care (CII)
Press 4. CeFA (All Modules) (IFS)
Press 5. CeRER- Regulated Equity Release (IFS)
Press 6. CeRCC-Regulated Customer Care (IFS)
Press 7. CeRCH-Regulated Complaints (IFS)
Press 8. FA1 Life Office Administration (CII)
Press 9. FA2 Pensions Administration (CII)
Diploma Qualifications
1st Choice
Press 1. J01 Personal Tax
Press 2. J02 Trusts
Press 3. J03 Tax & Legal Aspects of Business
Press 4. J04 Pension Funding Options
Press 5. J05 Pension Income Options
Press 6. J06 Investment Principles, Markets & Business
Press 7. J07 Supervision in Regulatory Environment
Diploma Qualifications
2nd Choice
Press 1. J01 Personal Tax
Press 2. J02 Trusts
Press 3. J03 Tax & Legal Aspects of Business
Press 4. J04 Pension Funding Options
Press 5. J05 Pension Income Options
Press 6. J06 Investment Principles, Markets & Business
Press 7. J07 Supervision in Regulatory Environment
Advanced Diploma Qualifications
1st Choice
Press 1. AF1 Personal Tax & Trust Planning (CII)
Press 2. AF2 Business Financial Planning (CII)
Press 3. AF3 Pension Planning (CII)
Press 4. AF4 Investment Planning (CII)
Press 5. AF5 Financial Planning Process (CII)
Press 6. Diploma for Financial Advisers (DipFA) (IFS)
Advanced Diploma Qualifications
2nd Choice
Press 1. AF1 Personal Tax & Trust Planning (CII)
Press 2. AF2 Business Financial Planning (CII)
Press 3. AF3 Pension Planning (CII)
Press 4. AF4 Investment Planning (CII)
Press 5. AF5 Financial Planning Process (CII)
Press 6. Diploma for Financial Advisers (DipFA) (IFS)
Specialist Exams
1st Choice
Press 1. IMC – Investment Management Certificate (CFA)
Press 2. CFP – Certified Financial Planner (IFP)
Specialist Exams
2nd Choice
Press 1. IMC – Investment Management Certificate (CFA)
Press 2. CFP – Certified Financial Planner (IFP)
Assessing Competence
Do you utilise Bankhall On Line Exams facility?
• Press 1. Yes, use it for annual competence testing
• Press 2. No - Don’t Use
• Press 3. Not aware of the facility
Assessing Competence
For members who indicated they don’t use Bankhall
Online Exams for annual testing, what systems do you
use.
Press 1. Assess Online System (CII)
Press 2. Testsmart -Worksmart Solutions
Press 3. Manual Testing (in-house arrangements)
Press 4. Other System
Thank You