The Importance of Processes and How to Create a Process Map

by Emma Bond on 04·11·2022

When I speak to firms who are joining The Timebank, one of the most frequent questions or areas they need help with is processes and procedures and how to document these. Ideally, we slot seamlessly into our client’s existing processes but the act of outsourcing part of their business brings the realisation there are no formal arrangements in place. For smaller firms or brokers used to working on their own, they may say they do not even have informal arrangements in place. Instead, they sort of know what each person is doing. At The Timebank we are in a unique position where we interact with many firms with a variety of sizes and structures, and we are lucky to come across many different examples of processes and procedures, what works well and what works not so well!

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Let's Talk Protection.

by on 05·10·2022

We probably all know someone who has been affected by Covid-19 over the last few years. Whether that be a change to employment, ill health, or the loss of a loved one. All of which can affect one’s financial security leading to difficulties in meeting mortgage or rent payments, putting food on the table, or payment of bills.

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Climate Risk - Sustainable Finance Disclosure Regulation (‘SFDR’)

by Rory Brazil on 28·09·2022

The SFDR applies to all Financial Planners from the 10 March 2022 who are: • Insurance Brokers who provide insurance advice with regard to IBIPs. • Investment Brokers who provide investment advice (through providers) to both retail and professional investors. The rules apply to all financial products, including IBIPs, portfolio management, pension products and pan-European Personal Pension Products (‘PEPPs’), regardless of whether they are designed as “green” products with an ESG profile. Financial Planners who provide advice on IBIPs, and investment firms that provide investment advice, are required to consider and factor in sustainability risks in their advice process, and to provide information in accordance with the SFDR, both at entity level (on their website) and at product level (at pre-contractual stage).

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