Westminster Business Forum

Options for investment management reform - advice, governance, and strengthening investment market performance and consumer protection

Morning, Thursday, 10th December 2020

Central London


This conference is bringing together policy officials and stakeholders to examine options being considered for regulatory reform of the investment management sector in the UK.

The agenda focuses on what should be done to address the ‘advice gap’ and improve the affordability of financial advice.

Delegates will also consider key issues for governance in the context of market trends and other factors that are affecting the investment management sector.

The discussion comes at a time of increasing scrutiny of governance, transparency, and the conduct of firms and advisers - as well as the role of regulators and consumer protection agencies.

It is timed as the FCA considers its response to feedback on its evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR).

Areas for discussion include:

  • Consumer demand - and how the market works in serving it;
  • Market trends - and what they mean for the future of advice and guidance services;
  • Smaller retail investors - and their access to the advice they need; and
  • Robo-advisers - their impact on the market.

The conference also comes as the government considers feedback to its consultation on the wider regulatory framework for financial services post-Brexit as part of its Financial Services Future Regulatory Framework Review.


There will be a keynote address from: Dr Jonathan Lipkin, Director, Policy, Strategy and Research, The Investment Association.

Further confirmed speakers include: Daniel Broby, Strathclyde Business School; Simon Harrington, PIMFA; Mario Lupori, RateSetter; Alistair McQueen, Aviva; Alan Miller, SCM Direct; Professor Janette Rutterford, The Open University; Paula Steele, John Lamb and James Suter, London Economics.

The agenda

  • The future for the retail investment market in the UK;
  • Investment market performance and preventing fund failure - value for money, adapting to consumer trends, and protecting investors;
  • Key issues for governance, transparency, and culture; and
  • Adapting to the changing market for financial advice - regulation, innovation, and addressing the advice gap.

The framework for effective stewardship and implementing the revised Stewardship Code.

Keynote Speaker

Dr Jonathan Lipkin

Director, Policy, Strategy and Research, The Investment Association

Keynote Speakers

Dr Jonathan Lipkin

Director, Policy, Strategy and Research, The Investment Association

Chris McGrath

Head of Retail Investment Supervision, Financial Conduct Authority


Mario Lupori

Chief Investments Officer, RateSetter

Simon Harrington

Senior Policy Adviser, PIMFA

James Suter

Divisional Director, London Economics

Paula Steele

Managing Partner, John Lamb

Alan Miller

Chief Investment Officer and Founding Partner, SCM Direct

Daniel Broby

Director, Centre for Financial Regulation and Innovation, Strathclyde Business School

Alistair McQueen

Head, Savings & Retirement, Aviva

Professor Janette Rutterford

Professor of Financial Management, The Open University