Last month’s Hampton-Alexander Review concerning the improvement of gender balance in FTSE leadership review reports positive, if rather slowly moving, trends but indicates there is much work still to be done. In particular at the very top of organisations (there is a distinct lack of female CEOs) and ensure businesses have strong pipelines of talent to enable progress to continue. The narrative seems to be less about the glass ceiling and more about, in the words of the also recently published McKinsey and Company report “Women in the Workplace 2019”, a need to “fix the broken rung”.
Hot on the heels of the general election outcome, this article sets out the likely new Conservative party immigration policies and rules for the finance sector. In particular, it focuses on the impact of Brexit and the intention for the UK to have a new post-Brexit immigration system. For the finance sector, the outlook is generally positive and although uncertainty remains and hoops will have to be jumped through, the new rules and systems should not be overly onerous. Care still needs to be taken though, especially in terms of prevention of illegal working.
On 9 December 2019 the Senior Managers and Certification Regime (SMCR) will be extended to FCA solo-regulated firms including many firms in the wealth and asset management sector. It has been in place for larger (dual-regulated) firms since March 2016 and, based on our experience of what has happened within these firms, we expect some significant changes for newcomers to the regime too.
On 9 December 2019 the Senior Managers and Certification Regime (SMCR) will be extended from dual regulated firms (larger financial institutions) to FCA solo-regulated firms including boutiques and many in the wealth, insurance and asset management sector. Adrian blogs on the 5 ways this may impact job hunters who are FCA regulated individuals.
The call for cultural change in the financial and professional services sectors is not new. This has arguably been gathering pace since the financial crash of 2008. Could we though now be on the cusp of real change?
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