PIMFA Weekly News Bulletin - 14 November 2022

DB Transfer redress calculations: call for input and information for firms

The FCA are seeking industry participants to test and provide feedback on a DB transfer redress calculator ahead of its official launch. The test calculator is for usability and illustrative purposes.

Further information is available here Firms which have an interest in providing feedback on this calculator should contact Simon Harrington. Click here to read more.

PIMFA CASS Working Group

It has been suggested that PIMFA should start a CASS Working Group, with the purpose of discussing and sharing information on interpretation of the CASS rules, responding to CASS queries from members and to raise questions as a group with the FCA, as well as sharing knowledge and experience of CASS audits and the issues and common themes highlighted in the CASS audit reports.

We would like to convene the first meeting of the CASS Working Group early in 2023, with the frequency of further meetings to be decided by the group.

If you, or the person responsible for the CASS Oversight function at your firm, would be interested in joining this working group, would you please email KevinS@pimfa.co.uk

PIMFA AI Working Group

The FCA has recently issued 'DP22/4: Artificial Intelligence' in which they share their thinking on the potential benefits and risks relating to use of AI in financial services, the current regulatory framework, whether additional clarification of existing regulation may be helpful and how policy can best support further safe and responsible AI adoption.

The deadline for responses to the DP is 10 February 2023.

Some PIMFA firms are already using AI as part of their day to day operation and others are looking at ways of using it. Responding to this DP gives us an opportunity to influence the FCA's thinking on how they treat AI from a regulatory perspective.

We would like to convene a working group, initially to look at and respond to DP22/4 but possibly to continue beyond the response if members see fit.

If you or a colleague would be interested in joining our AI Working Group, please email kevins@pimfa.co.uk

Altus Consulting Breakfast Briefing

Location: The Drift, Salesforce Tower, London Date: 16 November | Time: 9:00 11:00

Altus Consulting are hosting a complimentary breakfast briefing for members of the pensions and investments industry.

Consumer Duty and Value for Money are moving consumer outcomes to the heart of the financial services industry, forcing firms to re evaluate how they approach their data governance, strategy and analysis, and proposition management and delivery.

This event will provide an opportunity to hear the latest industry insight into how we got here, what the key challenges are that remain, and what the future holds as we attempt to navigate the pension system equivalent of a successful moon landing.

For more information and to register for the event, please click here.

Partner

Event

| LGBT Great

Are you an LGBT+ parent and looking for advice? Join our in person event and learn about the experiences and advice of other LGBT+ parents. The event starts at 9:00 (GMT+1) on 10 November. Save your seat today! Register here.

This is an event partnership with Schroders

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 Fiscal Statement reaction from Liz Field, Chief Executive of PIMFA: “Inflation remains key problem facing households and the economy.”

Read more press releases here

PIMFA Press Coverage

EVENTS & LEARNING

PIMFA TALENT, DIVERSITY AND INCLUSION CONFERENCE

7 December | 09:00 17:30

Returning for the first time since 2019, we are delighted to announce the PIMFA Diversity Conference will be taking place in London on December 7.

This event aims to offer attendees fantastic insights into a variety of topics related to TDI and inspire current and future leaders to continue working on creating a truly inclusive and diverse sector.

This event is free for members to attend.

For more information and to register, please click here

PIMFA

LIVE ONLINE TRAINING: TRANSACTION REPORTING

6 December 2022 | 09:30 12:30

This live online training session led by experts in their field will give you the knowledge and confidence that your firm’s transaction reporting processes are compliant with regulatory requirements.

For more information and to register, please click here

Personal Investment Management & Financial Advice Association (PIMFA) 69 Carter Lane, London, EC4V 5EQ (registered in England No 2991400)

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