With scandals like pensions misselling continuing to plague the financial services sector, there is clearly an urgent need for financial education in the UK. However, a Money Advice Service survey on financial capability reveals a shocking lack of financial literacy among UK consumers. In the March print edition of
the Review, which is being delivered to eligible members in the next few days, we evaluate the progress made in this area, and highlight how much remains to be achieved.
Our latest edition also looks at multi-asset funds, which an increasing number of investors are turning to in order to avoid having to make decisions about timing and asset allocation. What are the benefits and drawbacks of these funds?
We also examine how financial services businesses are increasingly looking outside the sector for training and motivation. We meet a former bomb disposal expert, a cartoonist, an Olympian and a thespian to find out what they can bring to financial services.
Pensions down underAustralia’s pensions system is undergoing something of a shake-up and we consider whether a system that ensures people no longer outlive their pensions could be workable in the UK.
Change is also on the cards in Europe, where new guidelines published by the European Securities and Markets Authority will mean the separation of payments for trading and research. How will firms implement the changes, and what could the repercussions be?
Our March issue also includes an interview with Standard Life Chairman Sir Gerry Grimstone MCSI, comment on business ethics from our new columnist Anthony Hilton, and a continuing professional development article in which we analyse the impact of regulation on investment research.
Once you have read the print edition, keep returning to the
digital edition, which is regularly updated with news, features and comment about the CISI and the financial services industry.
All members, excluding student members, are eligible to receive the quarterly print edition of the magazineMembers who have opted out of receiving the print edition can change their preferences within MyCISI via the
Communications Preferences tab to receive the print edition again as of the June 2015 issue.