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    And we help train your people at all levels within your organisation. From senior executive coaching and CPD events, to support for professional qualifications, we make sure your team is equipped with all the necessary knowledge, skills and competencies.


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    Twitter: @fstpcouk

    Associated members: Stuart Bull, Lydia Francis


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    • AlgoMe
      By AlgoMe
      FSTP LLP in partnership with AlgoMe invite you to a lunchtime round table discussion on the most pressing issues in today’s industry; digital skills shortage and the Apprenticeship Levy.

      Date: Tuesday October 22
      Location: WeWork, 1 Fore Street Avenue, Moorgate, EC2Y 9DT
      Time: 12.15 for 12.30
       
      Spaces are limited. Please contact Andy Milner (andy.milner@algome.com) if you would like to attend.

      Introducing your hosts:
      FSTP LLP, a main provider for Apprenticeships offering Financial Services, Leadership and Management Apprenticeships, will be on hand to share insights and experience AlgoMe, the community for the Investment Management industry, connecting professionals from Asset Managers, Wealth Managers and FinTechs with their wider industry ecosystem will be on hand to discuss skills and transformation in the industry
      The event:
      12.30 - 12.50
      Your co-hosts Rob Carter and Andy Milner, AlgoMe will give an overview of demand for retraining and tech skills, based on the latest AlgoMe report; The Disrupted Career: FinTech, Innovation and The Future Of Careers In Investment Management Followed by Philippa Grocott and Nicola Spennati from FSTP LLP, will give an overview of opportunities for using the apprenticeship levy and how to do so effectively within the industry sector
      12.50 – 14.00
      Group discussion over lunch
      Key points for discussion:
      FinTech, Innovation and the growing digitisation of Asset Management mean technology skills are becoming more important to firms There is pressure in the industry from regulation and changing customer expectations in addition career paths are changing and becoming less predictable Automation and AI will make traditional roles redundant and up to 40% of the workforce will require retraining in the next 5-10 years There is over £3bn of unspent apprenticeship levy funds which are set to be returned to the Treasury if they remain unspent This money can be used to help meet these challenges by retraining existing staff, up-skilling new joiners and re-skilling returners after career breaks There are rules around how the levy can and can’t be spent Companies need to have in place an effective strategy to ensure that not only the rules are met so that the funds can be recovered, but that the needs of the individual and the wider business benefit are met
    • Stuart Bull
      By Stuart Bull
      FSTP have opened up a short survey for HR professionals working within the financial services industry.
      Its aim is to get HR professionals thinking about topics such as utilising existing Apprenticeship Levy payments and the implementation of SM&CR.
      Once we have collated and reviewed the data we will be sharing the findings. If you would like to be one of the first to see this short report, please complete the survey and enter your details. No responses will be linked to your details as all results will be aggregated.
      We will share some of the key findings on here over the coming weeks to start some discussions, so watch this space.. Link to complete the short survey can be found below. 
      https://www.surveymonkey.com/r/FSTPHRforum
       
    • Julia Kirkland
      By Julia Kirkland
      Guest blog from Julia Kirkland, Senior Partner at FSTP
      If you don’t know already, which of course you do, the Markets in Financial Instruments Directive (MiFID) is EU legislation which first came into effect in 2007. It was created to regulate firms providing services to their clients which are linked to ‘financial instruments’, these being shares, bonds, units in collective investment schemes and derivatives. In addition, it covers the venues where those ‘financial instruments’ are traded.
       
      Fast forward 10 years or so and we have an updated version – MiFID II. This includes the revised MiFID and a new Markets in Financial Instruments Regulation (MiFIR). January 3, 2018 is the day MiFID II must be implemented across Europe.
       
      Now we’re on the cusp of this deadline, the thorny and sensitive topic of Knowledge and Competence (K&C) is bubbling up as a major concern across the industry.  We’ve spoken with numerous firms in both the Asset Management and Wealth Management sectors and they have one thing in common; they’re all grappling with the assessment of competence of information providers.
       
      Who is in scope? 
      In Asset Management, this may cover a wide range of roles from sales teams, client services, broker servicing staff to Portfolio Managers (the really sensitive aspect of K&C). Managers may struggle with the fact they must tell a Portfolio Manager of 20 years plus who hasn’t got a formal qualification, they need to be assessed as competent and in a very short timeframe too.
       
      In Wealth, the scope may cover desk assistants, team secretaries and portfolio assistants who may all be in direct contact with clients, giving them information about prices, valuations, charges and providing generic market or sector views. Additionally, research teams who might attend meetings with clients to provide market, sector or stock views on a non-advised basis may fall under this too. Most of the firms we are speaking to are including research teams. Most of the above staff members have never been included in formal K&C Schemes before but this has changed.
       
      What happens in 2018?
      As it stands, information providers not assessed by January 3 will need to be supervised in their activities and oversight of any client interaction must be in place. If you’re not prepared, January 2018 is fast approaching and maybe it’s time to look outside your company for third party support and assistance.
       
      Our guest blogger Julia Kirkland, is Senior Partner, FSTP
      FSTP is a training solution provider with expertise in MiFID II and the company also runs workshops to cover Wealth and Asset Management to meet the ESMA requirements and provides advanced K&C assessments for more seasoned, professional staff.
    • Andy Milner
      By Andy Milner
      Our mission at AlgoMe is to connect the Investment Management Industry - the professionals that work in it, as well as the Asset Managers, FinTechs and other organisations that make up the wider industry ecosystem.
       
      That's why we're excited to announce our first cohort of AlgoMe Community Partners - companies that work within Investment Management and share our ethos of working together to address the challenges and opportunities facing the Industry. They will become active participants in the Community, keeping us up to date on their diverse areas of expertise by sharing their insights and events, and helping answer your questions.
       
      On each Partner's profile page you can find out more about the company, see articles published by them, discussions related to them, and a list of associated members.
       
      If your organisation would like to join as an AlgoMe Community Partner, please get in touch via the Community or by email to community@algome.com.
       
       

       
      Velocity is the FinTech Accelerator by the Investment Association, designed to identify, develop and accelerate best in class firms with innovative solutions, facilitating the adoption of technology within asset management. 
       

       
      Cass Business School is one of City, University of London’s five Schools. It’s among Europe’s leading business schools and in the global elite of business schools that hold the gold standard of ‘triple-crown’ accreditation. 
       
      Alongside its MBA, Cass offers a number of Masters courses including an MSc in Investment Management.
       

      Cleveland & Co is a specialist outsourced legal team, with a market leading reputation for providing the highest quality legal services in the investment management sector. 
       

       
      Saffron Robo is a software, services and support company that provides a cloud based, end to end Robo solution designed to offer front-end to back-end functionality, for all product ranges including: EFT’s, Funds, Equities, Bonds and Fixed Income products, via a secure hosted web based solution. 
       

       
      FSTP is an award-winning training and consultancy services company, helping firms in the Investment Management industry improve compliance and governance standards.
       

      ClauseMatch is a regulatory technology company with a unique SAAS offering, that enables financial institutions to streamline regulatory change management through effective organisation of internal policies, standards, procedures, and controls. 

       
      People Risk Solutions is a client-focused Human Resources consultancy, with a passion for improving business performance through the development of high-performing people.
       

      Waymark uses AI to continually monitor and analyse regulatory changes, and makes recommendations to corporate and consultancy clients to ensure compliance. With the ever increasing changes in regulations, WayMark lets firms work smarter and achieve more with existing resource. 
       
       
      We're looking forward to announcing more partners in the near future, so watch this space.
    • Stuart Bull
      By Stuart Bull
      Course Overview
      Since the merger with the IFP, the CISI have worked hard to develop their qualification pathways for Financial Planners. There are now two routes to achieve the Level 4 benchmark and a Diploma leading to Certified Financial Planner status.
       
      Certificate in Paraplanning – Level 4
      Aimed at those who are already working as a Paraplanner, but who wish to develop their skills in preparation for a move to a Financial Planner role. This qualification ensures you have the right balance of technical knowledge and skills to perform your role.

      There are two exam papers:
      Financial Planning and Advice Taxation in the UK for Individuals and Trusts (or Investment, Risk and Taxation) All are examined by computer based testing, with a total estimate of 260 hours recommended study.
       
      Investment Advice Diploma (IAD) – Level 4 and RDR compliant
      As part of the IAD qualification, the Financial Planning and Advice paper has been designed to be RDR compliant and meet the requirements for those advising on retail investment products and friendly society tax-exempt policies (FCA Activities 4 & 6). For those wishing to pursue a career in financial planning, or wealth managers wanting to broaden their knowledge, this route provides solid coverage of key principles and technical knowledge.

      There are three exam papers:
      UK Regulation and Professional Integrity Investment, Risk and Taxation Financial Planning and Advice  
      All are examined by computer based testing, with a total estimate of 460 hours recommended study.
       
      Diploma in Financial Planning
      Leading to Certified Financial Planner certification, this specialist qualification will test your application of the knowledge and skills you already hold to produce a financial plan.
      You will be issued with a case study and given 12 weeks to submit your plan. Assessment takes 8 weeks; with feedback given on the plan should you not meet the criteria within the marking standards. You can re-submit your plan within a new 12 week period once you have addressed the development areas.
       
      With an estimated 400-700 hours of recommended study time this route is for those with a strong background in financial planning who want to challenge themselves and stand out from the crowd.
       
      CISI Financial Planning & Advice | FSTP
      WWW.FSTP.CO.UK January 9th & 10th, 2019 9:30 am – 5:00 pm  
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