Our Practice
Cicero is the UK’s leading
financial services public policy consultancy. Based in London and Brussels,
our teams help clients understand the effects of and design campaigns
to meet the challenges of UK and continental European legislative and
regulatory policy impacts.
Our highly specialised team of financial services practitioners serve
retail and institutional clients from global leaders to smaller boutique
firms, trade bodies to private clients. Our core specialities are:
Public Affairs and Government Relations |
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Each assignment is designed by a senior consultant,
bespoke to individual client requirements. A typical programme
may include representations to UK or EU government, officials or
regulators, contributing to the policy debate through green papers,
think tanks or the media, training for UK or EU committee interviews,
support drafting UK Private Members Bills or EU own initiative
reports, preparing political intelligence reports or acting as
an early warning monitor. Cicero undertakes these and many other
activities on behalf of our clients.
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Examples of Cicero mandates in the last 12 months include:
- Full political and policy support to major market
players on UK pensions reform
- Development and implementation of EU gender discrimination
policies
- Work with leading pan-European asset managers
responding to EU legislation including MiFID, the Prospectus
Directive and the Intermediation Directive
- Strategic advice and implementation for a major
UK provider of “at-retirement products”, including
equity release, annuities and enhanced annuities.
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Policy and Regulatory Impact Analysis |
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Understanding the implications of forthcoming, new or existing policy
and regulation is a core offering at Cicero. We analyse financial
services public policy developments across European and domestic
markets interpreting the impact this may have on our clients’ firms
and their respective business models. Our teams provide early warning
and mitigation strategies, helping our clients respond to an ever-changing
and uncertain environment.
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Recent examples of advice and analysis include:
- Preparing clients for MiFID implementation and
promotion of client technical expertise to officials
- Advised clients on responses to the EU Mortgage
Credit Green Paper
- Strategic advice for a major UK fund manager in
response to the EU Fund Management Green Paper
- Supported campaigns and activity in relation to UK pensions
simplification and liberalisation of pensions term assurance
- Strategic counsel for product distribution
in light of UK depolarisation.
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Public Policy Research |
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Research backed advocacy is a central component of most effective
public policy programmes. Cicero specialises in the design and
implementation of award winning public policy research that complements
media and decision maker engagement and allows our clients to
develop robust, persuasive and tested arguments.
Cicero uses
a wide range of research options including polls, focus groups
and industry benchmarking. |
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Examples of Cicero research include:
- Conducted pan-European study of intergenerational savings
patterns and retirement aspirations
- Design and commentary of award-winning UK life and pensions
industry research
- Mapped levels of adequacy for insurance products throughout
the UK
- Designed and implemented a detailed analysis
of the equity release market including regulatory aspects
Click here for a sample of Cicero
research.
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Campaigns and Stakeholder Management |
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Some recent campaigns include:
- Managed a coalition of organisations, from disability charities
to leading financial services companies, enabling them to lead
the debate on contemporary social issues receiving recognition
from the UK Prime Minister and the Secretary of State
- Designed and implemented the launch of a pan-European
membership organisation delivering successful integration of
national bodies receiving endorsements from media, regulators
and policy makers
- Assisted major UK life companies with their corporate affairs
partnership programmes, facilitating links with major UK not-for-profits
groups to promote mutual agendas.
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Cicero designs award
winning campaigns helping clients foster and maintain relationships
with third-party groups—these can include consumer associations,
charities, voluntary organisations, NGOs, corporates, quangos,
multi-Member state bodies and others.
Cicero is able to suggest partnerships that are effective
and potent in promoting positions of mutual interest and long-term
shared objectives. |
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