FEATURES & ANALYSIS
Consumer Duty and Distribution Governance
With the FCA’s Consumer Duty final rules and guidance now known, FBC hosted a lively corporate member discussion on the impact of this on distribution governance and the potential implications for fund boards.
The full version is now available to FBC corporate members on-demand here. A write up of the event is available here.
And if you’ve not seen it yet, do take a look at The FBC Report: Distribution Oversight Key Questions & Best Practices. The full version is available to FBC members here and excerpts for non-members are on our Product Governance page here.
Fund Board Effectiveness Barometer
With fund board directors facing a growing list of oversight responsibilities including emerging accountabilities around ESG and Consumer Duty, FBC’s latest report will explore the importance of fund board purpose and how well the role of the fund board is understood outside of the boardroom itself.
The FBC Report: Fund Board Purpose
The Evolving Role of the Fund Board will be out in the next couple of weeks. For a short overview of the research, click here.
For FBC members, look out for the full report coming to your inbox soon.
SPOTLIGHT
Bespoke analysis
Alongside FBC’s forthcoming report The Evolving Role of the Fund Board, FBC corporate members who participated in the research will also have access to a summary report with bespoke insights from their firm’s individual responses. This analysis provides member firms with a snapshot of their own directors’ views on how well understood the role of the fund board is within their firm, and how this is impacting on the work of its directors. The summary report, in combination with the framework of good practice set out in the main report, aims to provide FBC member firms with both useful insights into this topic and practical action points they can consider in the context of their own priorities and needs.
If you are an FBC member firm who participated in the research study, we will be in touch directly regarding your firm’s analysis. If you have not yet participated in the study and would like to do so, please get in touch at contact@fundboards.org.
If you are not an FBC corporate member and are interested in finding out more about our work on fund board effectiveness, click here.
VIEWPOINT
Consumer Duty continued
Continuing our focus on Consumer Duty, Wayne Green, founder-owner of FinServ Dynamics and former director at The Marlborough Group, writes on the substantial implementation required in this UK regulated drive towards a ‘consumer first’ approach. Read the article here.
CROSS BORDER INSIGHTS
Letter from LUX
This quarter, portfolio iNED and partner in The Directors’ Office, Sheenagh Gordon-Hart, provides the latest on doing business in the established fund domicile of Luxembourg with a look at the new ILA paper on independence on boards. Read the article here.
Aldcroft on Asia Pac
Introducing a new column to the FBC newsletter, Stewart Aldcroft, long time Hong Kong resident and a veteran of the Asian asset management industry (not to mention an FBC Advisory Council member), will be regularly providing us with updates and insights from the Asia Pac region. Read his first article here.
FBC ANNUAL MEMBERS’ CONFERENCE 2022
This invitation-only FBC annual corporate member conference will showcase FBC’s work around fund governance, and we are especially pleased to have the Financial Conduct Authority join the discussion.
Other speakers and presenters at this conference will include James Rainbow, Schroders’ fund board chair, Philip Warland, FBC’s advisory council chair and FBC senior advisers Brandon Horwitz and Simon Hynes.
This afternoon conference hosted at Schroders offices in London, will commence at 2 pm, and a full agenda and other details including the full line up of speakers and presenters will be available shortly.
FBC IN THE COMMUNITY
FBC charity of the year HomeStart CHAMS (Crawley, Horsham and Mid-Sussex) supports families in times of difficulty, such as financial hardship, physical or mental ill-health, bereavement and other challenges.
BOARD BUSINESS
Fund governance news you can use
Read the latest articles reporting on the key industry news, handpicked by the FBC team, here
Franklin Templeton is our host for this in-person meeting, and it is being held in conjunction with the Luxembourg fund association ALFI. We have a full agenda with expert speakers, including Marco Zwick,director of the Luxembourg regulator, CSSF. Further details are here. The event will be recorded and available to all FBC corporate members on-demand in their member portal shortly after.
FBC Member Events & Engagements
September-December 2022
Date: 13 October 2022
Sustainable Investment – Navigating the Challenges for Fund Governance
Please join us for the first look at a new report, with practical suggestions for fund boards to improve sustainable investment fund oversight. The report was commissioned by the First Sentier MUFG Sustainable Investment Institute in partnership with FBC.
Date: 1 November 2022
Discussion on the FCA’s Sustainability Disclosure Requirements consultation
Our speakers for this meeting are: Mark Manning, Technical Specialist, Sustainable Finance and Stewardship, Financial Conduct Authority, Sandra Carlisle, Head of Sustainability at Jupiter and iNED Julie Patterson.
Our speakers for this meeting are: Mark Manning, Technical Specialist, Sustainable Finance and Stewardship, Financial Conduct Authority, Sandra Carlisle, Head of Sustainability at Jupiter and iNED Julie Patterson. We will explore the FCA’s proposals and consider what they mean for fund boards, both in terms of implementation and overseeing ongoing alignment with the requirements.
Date: 29 November 2022
FBC Annual Members’ Conference, 2022
Invitation-only FBC annual corporate member conference will showcase FBC’s work around fund governance, and we are especially pleased to have the Financial Conduct Authority join the discussion.
For more details, click here.
