The Managing Director of the Chartered Institute for Securities and Investment (CISI) is set to move on from the professional body after successfully supporting its members through the retail distribution review (RDR).
Ruth Martin is particularly proud of the CISI’s reaction to the addition of wealth management to the RDR: ‘As soon as it was clear that wealth management would be included, we developed policy guidelines, took our ideas out on roadshows and used these to get opinions of our members to allow them to influence policy.’
‘Whether you were in Truro or Glasgow, you had a chance to have your say and trusted us to listen carefully and in turn we were able to guide you through the RDR. This was one of our greatest achievements.’
An 'Exhilirating' Twelve Years
Overall, Martin described her 12-year stint at the professional body as ‘exhilarating’, without ignoring that the industry still faces significant challenges: ‘I think the industry is still going through transition and waves of change. It is almost inevitable there will be more intrusive regulation.’
From her observations, member firms are working hard to meet suitability standards, noting that seminars hosted by the CISI on suitability have proved popular, alongside e-learning support.
She added, however, that ‘individuals and practitioners have come through the RDR changes well-equipped to deal with whatever changes lie ahead.’
Looking to the Future
Martin moves on from the CISI having been appointed as diocesan secretary of Southwark. She will continue to support the CISI as a senior adviser and is enthusiastic about applying her experienced gained from the professional body to her own role. She will be succeeded by Lydia Romero, who has joined as director of learning from BPP University London.
Find Out More...
View the full press release