FCA Update - Insurance Distribution Directive
October sees the long anticipated Insurance Distribution Directive (IDD) come into effect. This latest directive will impact all areas of the insurance market and will introduce new requirements on insurers and intermediaries alike.
The IDD introduces new disclosure requirements, changes the way that demands and needs and suitability are addressed in the sales process and extends the training and competency requirements to front line and managerial staff (particularly those involved in general insurance). It also brings in new PROD rules and changes to the systems and controls that firms must have in place.
To find out exactly how you will be affected by the IDD and what is coming next from the FCA, join us on Thursday 11 October 2018 when Clair Brand, Associate Director at Branko Ltd will explore the above areas and more during this free one hour CPD seminar.
The event takes place at Clair Hall, Haywards Heath and is open to all members and their guests. If you would like to attend this very topical and important event, please reserve your place by using our online booking system by clicking on the Book Now button below.
Please note that this event is scheduled to start promptly at 6.00pm and light refreshments will be served from 5.30pm onwards.
By the end of the seminar, delegates will:
have an insight into how the Insurance Distribution Directive links into the FCA Conduct Risk Agenda
know what changes should have been implemented by 1 October 2018
have an insight of what regulatory changes are coming next
There is plenty of free on-site parking at Clair Hall and Haywards Heath Station is just a few minutes' walk away.
About our speaker
Clair Brand has wide experience in the UK financial services and general insurance industry. She has spent her working career with two companies – a pensions specialist (NPI) and a regulatory compliance consultancy (Branko Ltd) which she joined in 2003.
As an Associate Director of Branko Ltd Clair leads its compliance offering, typically tackling the largest and more complex assignments. In this role she advises general insurance firms on a number of regulatory matters including becoming and remaining FCA authorised and she runs a number of highly acclaimed compliance workshops.
Clair is qualified as an ACII and holds Chartered Status. Clair joined the council of the Insurance Institute of Royal Tunbridge Wells 20 years ago. She has held a number of positions and was president in 2003 and 2012 to 2013. Clair served on Representative Council and the CII Board from 2007 to 2013 and became a National CII Vice President in 2016. She is holder of an Exceptional Service Award.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's 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 www.cii.co.uk/cpd.