By Simon Prescott, Head of Islands Corporate Banking Lloyds
TSB
Training colleagues to deliver better
results
The Retail Distribution Review (RDR) represents a major change
for the financial services industry. Initiated by the Financial
Services Authority in the UK, it has been designed to help
consumers achieve a fair deal in the products that they buy and in
the advice that they take. As is often the case in terms of the
UK's legislation and guidelines, Jersey will follow suit to
ensure best practice and to further enhance Jersey's standing
as a stable and well-regulated international finance centre.
Financial advisers in retail banking have been extending their
professional qualifications and, on the corporate side, the
Offshore Banking Certificate has been very popular. Training is not
only necessary and indeed relevant for client-facing teams but also
for those in senior and management positions. Many have undertaken
or are undertaking the Institute of
