White papers

Links to our thought leadership white papers on a variety of topics.

If you have views on them that you’d like to share with us, or want to find out more about our services to address the topics covered, please contact us.

CP10/25 “Implementation of the Second Electronic Money Directive (2EMD): supplement to HM Treasury’s consultation”

1.11.2011

ea Consulting Group (eacg) welcomes this opportunity to respond to the above consultation paper. Although the scope of the CP is limited on this occasion we recognise with declining cheque usage and fewer cash transactions that electronic money will become of major economic significance in the years ahead on a pan-European basis.

Our comments on the specific questions raised in the CP concerning the technical changes to the Handbook and amendments for payment service providers are to be found in the attached appendix. We have noted the FSA’s intention to publish feedback to CP10/25 in a Policy Statement in due course accompanied by the final Handbook text.

eacg Implementation Secong Electronic Money Directive CP10 (pdf)

RDR – Response to questions raised in cp10-29:

1.11.2011

ea Consulting Group (eacg) welcomes this opportunity to respond to the various questions posed in the above consultation paper. This follows our earlier submission to DP10/2 ‘Platforms: delivering the RDR and other issues for discussion.

 We anticipate that the platform market will continue to grow. Whilst providing a discrete customer service through a variety of business models, it is vital that platforms be permitted to prosper on the basis of a level regulatory playing field with the rules fully reinforcing the general principles promoted by the RDR for the retail investment sector.

Retail Distribution Review - eacg response to CP10-29 (pdf)

RDR – A concise guide to the Retail Distribution Review

1.11.2011

EXECUTIVE SUMMARY

The RDR represents regulatory reform of strategic importance that is unique to the UK. It is due to be implemented on 31st December 2012. Despite its title, it is concerned specifically with retail investments although it has also spawned separate reviews of both the pure protection and mortgage markets. The RDR specifically covers the advised sale of all packaged products including pensions, annuities, onshore and offshore bonds and collective investments. Undoubtedly, the RDR will require fundamental changes in operating models at all levels impacting on both product providers and adviser firms. The FSA sees the RDR principally being about ‘improving outcomes for clients’ but it is also committed to far greater product intervention. It is clear that the retail investment market is to be subject to intensive and prescriptive regulation.

RDR - a concise guide to the Retail Distribution Review (pdf)

Hard Measures For Soft Skills

27.9.2011

Hard Measures For Soft Skills  - Enabling World  Class Customer Experience

No one would open a new business, roll out a new product or even hire a new employee without  knowing – not “thinking” or “guessing” but actually “knowing” – what they could legitimately expect to receive in return.  Indeed, none of us  would expect to ask for something  without  having  a  pretty  accurate idea  of  what  the  provider  could  expect  in return.

So  why,  when it  comes  to  the  training  and development of people, are we not prepared for the inevitable response to our question of  “Can I get some training for my inbound call advisers?” Likely responses (from the line manager/ MD/ CEO or owner) include “And what   will   the   training   do   for   the business/ bottom line/ shareholders?” (or words to that effect).


 

 

 

Hard measures for soft skills white paper 6 (pdf)

Follow the Leader – The roles, traits and qualities associated with effective followership

27.9.2011

Follow the Leader – The roles, traits and qualities associated with effective followership

Globally it is accepted that corporations succeed or fail on the basis of how well they are led, and each year enormous amounts of time (and money) are invested in finding, selecting, recruiting and developing leaders who will deliver this success.

But are we in danger of over-emphasising the role (and impact) of the leader, and forgetting that every leader must have people to lead? Grand battle plans could have come to nothing if, for example, Napoleon had been without an army, and was therefore a “leader without followers”.

Corporations succeed or fail partly on the basis of how well their leaders lead, but partly also on the basis of how well their followers follow.

Follow the Leader white paper doc (pdf)

Modelling Success in your Organisation

27.9.2011

Modelling Success in your Organisation - Enabling world class Customer Experience

What ‘makes the difference’ in your top performing Call Advisors and how to bottle the ‘it’ factor for others to learn

Have you ever considered what makes your excellent performers, excellent? Surely by the law of averages, people recruited against the same criteria, for the same type of job, who attend the same induction and training programme, should not differ in performance as much as they do? Well, in theory that is  -  but as we know, the truth is often a very different story.

What would it be like if you could take your top performing call advisors, managers or leaders, sit them down and ask them to explain how they do what they do and what is ‘the difference that makes the difference’? And to do so to the rest of  their team and  explain it in such as way that everyone  one understands and can then go and replicate and apply these behaviours for themselves? Great thought, isn’t  it?

Modelling Success - White paper (pdf)

Consultation paper: CESR Technical Advice to the European Commission in the context of the MiFID Review – Client Categorisation

25.7.2011

By Roger Davies

The ea Consulting Group (eacg) welcomes this opportunity to respond to the above consultation paper (CP) which covers aspects of the client categorisation regime applying under the MiFID conduct of business rules.

CESR Technical Advice (pdf)

Response to HM Treasury consultation: ‘Laying of regulations to implement the new E-money directive (2EMD)’

25.7.2011

By Roger Davies

The ea Consulting Group (eacg) welcomes this opportunity to respond to the questions raised in the above consultation paper and to comment on the draft Electronic Money Regulations (EMRs). The UK is, of course, the focus of e-money activities in the European Union. Although for the most part a
maximum harmonizing directive, we are pleased to see that HM Treasury is approaching the discretionary elements in 2EMD in a manner that should reinforce this strong market presence.

Laying of regulations to implement the new E-money directive (pdf)

Review of the Insurance Mediation Directive

25.7.2011

ea Consulting Group welcomes this opportunity to respond to the above consultation reviewing the operational effectiveness of the Insurance Mediation Directive (IMD) since it was originally implemented in January 2005.

Review of the Insurance Mediation Directive (pdf)

Responses to Questions Raised in CP10/29

25.7.2011

ea Consulting Group (eacg) welcomes this opportunity to respond to the various questions posed in the above consultation paper. This follows our earlier submission to DP10/2 ‘Platforms: delivering the RDR and other issues for discussion.

Responses to Questions Raised in CP10/29 (pdf)