Home is where the heart is
Lifetime mortgages could be an option for asset-rich, cash-poor clients. (pp.26–29)
Profile: The polymath
Alderman Professor Michael Mainelli, Chartered FCSI(Hon) has started his term as Sheriff of the City of London, as well as continuing his director and co-founder role at Z/Yen, a City-based commercial think tank. He reflects on his achievements and his path to success. (pp.30–33)
Threat or fad?
Digital challenger banks are attracting attention in the media. Phil Thornton explores the threat such banks pose to traditional institutions, and if they should be worried. (pp.34–35)
Will the levy break?
The Financial Services Compensation Scheme’s levy is under scrutiny after announcing in April 2019 a levy increase to £532m for 2019/20, up from £517m the previous year. How is the sector reacting to this change? (pp.36–38)
PROD rules: everything in the right place
Despite Product Intervention and Product Governance (PROD) rules coming in to force in January 2018, there is still much confusion by firms on how best to implement them. (pp.39–41)
A US banking revival
US investment banks remain well-placed to maintain the lead over their European rivals in terms of market share. (pp.42–44)
Special report: Digital skills
A nine-page report asks the question: “RUDQ?” – DQ referring to digital intelligence. Businesses, educators and government are trying to tackle the digital skills crisis in the UK, but are they doing enough? (pp.17–25)
The October issue includes some interesting viewpoints too. Anthony Hilton FCSI(Hon) reports on China’s position in the global technological arena and Andrew Davis delves into the Woodford saga and explores the lessons that can be learnt from it.
It also includes a regulatory update from Christopher Bond, Chartered MCSI, and the latest edition of the CISI’s academic journal, Review of Financial Markets, which contains new research edited by George Littlejohn MCSI.
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