Financial Suitability Workshop

Museum of Liverpool
Thursday, 16 May 2019
8:45 am – 4:30 pm (UK time)

The Insurance Institute of Liverpool is happy to annouce that they are offering members the chance to sign up to a financial suitability workshop.

This workshop will take you on a deep dive into what ‘suitability’ means in 2019.

You will learn:

• What suitability looks like in 2019 for advisers and product issuers
• How to design and deliver systems and processes that deliver suitability
• The challenges of compliance, reporting and monitoring
• Why clients must be engaged and how informed consent is the key to engagement.

It is a tough time to be in the UK financial services sector, with multiple waves of regulation hitting together.

There are four regulatory changes combining to build a suitability framework and create very real, personal penalties for failing to fully comply. It’s changing the system from the usual ‘buyer beware’ to one of ‘seller beware’. The responsibility for suitability is squarely on your shoulders.

In 2019 advice firms and product issuers are simultaneously dealing with:

1. Suitability rules from MiFID II, which are still not fully implemented in many firms
2. Product Governance (PROD) rules around suitability of financial products, which are a total game changer
3. New disclosure rules on costs and charges, which can challenge client relationships
4. Senior Manager & Certification Regimes (SM&CR) which makes individuals personally liable to prosecution and penalty for their firm’s suitability transgressions.

It’s a lot to take on board at once — and it’s all making suitability of financial advice and products a lot harder than it first appeared.

There are many layers of complexity and some of the fine details are yet to be fully worked out. In some cases, what a regulation might mean has not yet been agreed within industry and the FCA.

Date: Thursday 16th May 2019
Time: 8.45am - 4.30pm
Venue: Museum of Liverpool, Pier Head
Cost: VIP entry £75.00 per person

To book your place and for more information click here

  • Pier Head
  • Liverpool
  • L3 1DG
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CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

7 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at