SFE Member Update | August

One of the main tasks for me and the SFE team as we begin to deliver our key strategic objectives is to continue to develop our member proposition. As I’ve said before, our aim is to be the best industry body in the UK, known for our outstanding events, our ability to promote the industry and to support our members. 
By adding new value to our membership, we can foster ever greater engagement and participation with members. This will allow us to facilitate the cross-sector collaboration that is needed to support growth and development in the sector and drive action on our four strategic themes.
I am pleased to report back to you that we are making great strides forward with these plans. The next few months will be particularly busy, with a variety of significant events, engagements and actions taking place.
We are excited to soon share details about our pre-COP26 summit. Though we cannot give too much away at this stage, the summit will include some notable contributions and we are certain it will create a real impact as we continue the countdown to Glasgow in November.
We are also pleased to announce a number of high-profile member events to keep on your radar. These include an event with Sam Woods, Chief Executive of the Prudential Regulation Authority on 25 October, and an event with Nikhil Rathi, Chief Executive of the FCA in November, on 18 November. 
Plans for the 2021 Scottish Financial Services Awards also continue to progress with the help of our sponsors EY. Nominations are closing on 6 September. If you are planning on sending one in, you can do so here. The awards will showcase and promote the best of our industry, helping us to reflect on the things we excel at here in Scotland – of which there are many.
Scotland’s proposition as a financial services centre is one of a number of issues we are engaging on with both the Scottish and UK Governments, and we expect a period of increased engagement and events with both in the coming months.
There are too many other items in our diary to mention here, but I would encourage you to stay tuned in to our Linkedin and Twitter accounts to keep fully updated on things to come.
Lastly, I would use this opportunity to welcome the newest member of our team, Jayne Currie, who is joining us as Director of Membership Services. Jayne’s role will include leading on the continued development of our member proposition. She joins us at a time of real momentum and we’re excited to see her build this even further.
Kind regards,

Government Engagement

  • Sandy attended a session about sectoral engagement on the Economic Transformation Strategy on 4 August
  • Sandy met with officials from HM Treasury on 11 August to discuss continued collaboration on the UK Government Financial Services Strategy and Scotland’s Financial Services Strategy
  • Sandy met with Minister for Higher Education and Further Education, Youth Employment and Training Jamie Hepburn MSP on 12 August to discuss sectoral skills needs
  • Sandy met with Cabinet Secretary for Education and Skills and Minister for Higher Education and Further Education, Youth Employment and Training Jamie Hepburn MSP on 17 August to discuss the Young Person’s Guarantee and Developing the Workforce
  • Sandy and Philip met with the Scottish Government Financial Services team on 17 August to discuss short term debt management
  • Sandy attended sessions with Cabinet Secretary for Finance & Economy Kate on 20 August and 27 August on covid-19 and economic recovery
  • Sandy continues to attend weekly meetings with Scottish Government and business trade bodies. If you have anything you would like Sandy to raise on these calls please get in touch with him direct or contact our new Director of Public Policy & Communications, Sandy Macdonald, smacdonald@sfe.org.uk

September events

  • On 7 September, in partnership with Dentons, we’ll be joined by Maggie Craig, head of the FCA’s Scotland Office, to discuss the FCA’s recently published its Business Plan for 2021/22, and what stakeholders can expect the regulator to be focusing on in the year ahead. Register here.
  • On 9 September we’ll be partnering with Accenture for the third of our four-part event series. This time we’re looking at how government’s, financial services institutions and employees are recovering from the effects of Covid-19 around the globe. Register here.

Open letter to young people
Ahead of results day, Sandy wrote an open letter to young people assuring them employers in Scotland are committed to supporting them to find brighter futures. The letter was supported by industry and employer groups representing thousands of businesses across Scotland. It gained attention online and in the media, with coverage on both BBC Good Morning Scotland and BBC Reporting Scotland.
Fast Track into Financial Services videos
Skills Development Scotland have created a series of videos on the background of the Fast Track into Financial Services course at Edinburgh College and Glasgow City College and encouraging people to take up the course and find new pathways into the sector. You can watch them here.
Queen’s Awards 2021
Scottish businesses have less than a month to apply for a Queen’s Awards for Enterprise, the UK’s most prestigious business Award. The Awards are open to almost all UK businesses. This year's categories are International Trade, Innovation, Sustainable Development and Promoting Opportunity (through social mobility). To check if you are eligible, visit their website here.
UK Business Group Alliance for Net Zero events
The UK Business Group Alliance for Net is organising a series of interactive meetings with the purpose of encouraging UK businesses to learn more about the main routes into Race to Zero and the actions they can take in the lead-up to COP26. Find out more here.
SFE Young Professionals blog
SFE YP and Associate at CMS Scotland Katie Hume wrote an insightful blog on the topic of wellbeing, which explores how to make sense of the various definitions of wellbeing out there, and what the focus on wellbeing within financial services means to her. Read here.
Fujitsu Podcast
As part of Fujitsu UK‘s podcast series Sandy sat down with their CTO for Financial Services Ian Bradbury and Wellity co-founder Sadie Restorick to discuss the key role of wellbeing when thinking about culture change in financial services organisations. Listen here.
SFE Insight
In our latest insight blog, IQUAD Managing Director Anthony Ginn discusses digital transformation, the digital skills gap and some of the solutions for financial services organisations. Read it in full here.