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New initiative launched to strengthen support for the regulated advice industry

10 August, 2017Joe Cockerline

The London Institute of Banking & Finance (LIBF) has launched a new expert panel to support the regulated advice industry.

The LIBF Regulatory Education Advisory Panel (REAP) brings together senior representatives from a range of industry organisations, including financial advice firms, networks, banks and building societies. The group’s remit is to identify the opportunities and challenges shaping the provision of regulated advice in the UK and to guide the LIBF’s work in supporting the sector’s needs.  

NetworkingThe panel will meet several times a year and will consider a wide range of topics, including how the industry can attract new entrants, how access to the advice sector can be enhanced and helping the sector adapt to regulatory change. A further focus for the panel will be how training and education can support professionalism within the industry. The input from The REAP will be invaluable in ensuring that the qualifications delivered by The London Institute of Banking & Finance continue to meet the needs of regulated advisers.  

Simon Breakspear, Director of Member Services at Personal Touch Financial Services, said:

“We’re very pleased to be part of the LIBF Regulatory Education Advice Panel. Bringing together stakeholders from across the regulated financial advice industry to collectively establish the opportunities and challenges facing the sector is an incredibly important step. Fast-moving changes in regulation, technology and consumer needs and expectations mean that the landscape is shifting rapidly and a collective effort is needed to ensure that customers continue to receive the best possible service.”

Mark Heaton, Director of Business Development, at The London Institute of Banking & Finance, said:

“Forming the LIBF Regulatory Education Advisory Panel is an important step for us and our industry partners. Driven by some of the UK’s leading regulated advice organisations, it aims to raise the profile of all aspects of financial advice among policymakers, regulators and consumers, consider the rapidly developing issues that shape the industry and highlight the contribution that highly qualified practitioners are making to the wider economy.”

For more information on The London Institute of Banking & Finance’s financial advice qualifications, please visit here.