CPDNov 18 2021

Guide to cash management

pfs-logo
cisi-logo
CPD
Approx.60min
  • Explain how bank accounts are protected in the event of failure
  • Describe how cash management systems work
  • Identify FCA concerns about cash

Guide to cash management

  • Explain how bank accounts are protected in the event of failure
  • Describe how cash management systems work
  • Identify FCA concerns about cash
pfs-logo
cisi-logo
CPD
Approx.60min
Supported by
Flagstone

Introduction

By Fiona Nicolson
twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon

Cash does little for its owner when it is sitting in a High Street bank’s deposit account.

But the flexibility and versatility of cash as an asset is valued by advisers for the many different ways it can help clients achieve their goals.  

It is not only useful for the mundane, such as a source of emergency money, for whatever clients suddenly need it for, or as a ‘float’ to pay fees and charges. Cash also provides some peace of mind in an investment portfolio during periods of volatility.  

And for those clients who are attached to cash and like to keep a considerable amount of it where they can access it easily, there are options. Cash management platforms can allow them to open multiple accounts, potentially earn higher rates of interest and be protected by the Financial Services Compensation Scheme too. 

This guide explores the various uses of, and the impact of the current economic backdrop on, cash.

It comes with 60 minutes of CPD.  

In this guide

Articles
CPD Questions
To reveal the CPD questions which accompany this guide, please sign in and read all of the articles below.