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Aidan Campbell

Partner

CMS Cameron McKenna Nabarro Olswang LLP
1 West Regent Street
Glasgow
G2 1AP
United Kingdom
Languages English
Banking & Finance

Aidan Campbell is a partner in the Financial Services and Products Group with over 16 years of experience of the regulation of financial services in the UK.

He has a broad range of expertise in financial services regulation and works with a wide range of financial services institutions, including: insurers, banks, asset managers, investment funds, friendly societies, building societies and financial advisors, to deliver practical solutions and achieve ambitious goals and challenges, both in terms of product innovation and distribution, in a highly technical and complex area which is constantly evolving.

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CMS ‘provides excellent advice, leveraging its significant industry knowledge and experience’. .. sizeable cross-office team ………

Legal 500

The key contacts on the retail funds side are … and the ‘commercially focused’ Aidan Campbell

Legal 500

Relevant experience

  • The sale of Virgin Money's banking subsidiary, Church House Trust and a related intra group transfer of a deposit book.
  • The acquisition of Newton’s private client business by Standard Life Wealth.
  • A number of distribution agreements between RBS and Aviva relating to the distribution of a wide range of protection insurance policies and pension products.
  • Distribution arrangements for life insurance products together with associated back to back reinsurance treaties.
  • The transfer of a deposit book held under a white labelling arrangement.
  • An introducer arrangement between and a third party IFA for wealth customers requiring investment advice.
  • The acquisition of the Stocktrade share dealing business by Alliance Trust Savings.
  • Terms of business with financial advisors in respect of the distribution of a bank’s mortgage products.
  • The administration arrangements in respect of an existing Child Trust Fund book and new Junior ISA product offering.
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Education

  • 1996 – Law, Dip LP, University of Glasgow, Glasgow
  • 1995 – Law, LLB Hons, University of Glasgow, Glasgow
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Funds

Aidan Campbell is a partner in the Financial Services and Products Group and specialises in investment funds.

He has over 16 years of experience of working with fund providers and distributors to deliver practical solutions and achieve ambitious goals and challenges, both in terms of product innovation and distribution, in a highly technical and complex area which is constantly evolving.

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CMS ‘provides excellent advice, leveraging its significant industry knowledge and experience’. .. sizeable cross-office team ………

Legal 500

The key contacts on the retail funds side are … and the ‘commercially focused’ Aidan Campbell

Legal 500

Relevant experience

  • Numerous regulated fund launches, reorganisations, rationalisations and fund acquisitions and disposals, including schemes of arrangement by Investment Managers and Life Companies.
  • Implementation of the Alternative Investment Funds Directive.
  • Implementation of the UK protected cell regime.
  • Implementation of the various updates to the UCITS Directive.
  • The launch of a range of innovative capital protected funds.
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Education

  • 1996 – Law, Dip LP, University of Glasgow, Glasgow
  • 1995 – Law, LLB Hons, University of Glasgow, Glasgow
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Insurance

Aidan Campbell is a partner in the Financial Services and Products Group and specialises in the distribution of insurance products.

He has a wide range of experience of working with insurers and distributors to deliver practical solutions and achieve ambitious goals and challenges, both in terms of product innovation and distribution 

more less

CMS ‘provides excellent advice, leveraging its significant industry knowledge and experience’. .. sizeable cross-office team ………

Legal 500

The key contacts on the retail funds side are … and the ‘commercially focused’ Aidan Campbell

Legal 500

Relevant experience

  • Distribution agreements between RBS and Aviva relating to the distribution of a wide range of protection insurance policies and pension products.
  • Introducer arrangements between a bank and a leading professional services firm in relation to the distribution of a number of products, including home insurance, to that firm’s employees
  • Distribution arrangements for life insurance products together with associated back to back reinsurance treaties.
  • White labelled distribution agreements relating to life insurance products.
  • The extension and termination of a bank's distribution agreements with various insurers in respect of mortgage protection life insurance policies.
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Education

  • 1996 – Law, Dip LP, University of Glasgow, Glasgow
  • 1995 – Law, LLB Hons, University of Glasgow, Glasgow
more less

Feed

08/02/2024
Future of Finance: regulatory briefings series 2024
Join us as we launch our in-person breakfast seminar series across London and Edinburgh. In these seminars, our Financial Services team will be discussing the latest regulatory developments affecting...
29/12/2023
CMS Expert Guide to UCITS passporting
The UCITS Directive was established to harmonise retail collective investment schemes in the EU through the introduction of a common investment vehicle known as a “UCITS”. One of the key benefits...
07/12/2023
FCA’s Consultation Paper on Implementing the Overseas Funds Regime (“OFR”)
On 4 December, the FCA launched a consultation to implement the framework to enable non-UK domiciled funds to be marketed to UK retail investors under the OFR (“OFR recognised schemes”). We briefly...
07/12/2023
FCA’s Consultation Paper on Implementing the Overseas Funds Regime (“OFR”)
On 4 December, the FCA launched a consultation to implement the framework to enable non-UK domiciled funds to be marketed to UK retail investors under the OFR (“OFR recognised schemes”). We briefly...
12/10/2023
FCA publishes consumer protection undertaking from e-money firm
On 4 October 2023, the FCA published a Notice of Undertaking (the “Un­der­tak­ing”) given under the Consumer Rights Act 2015 (the “Act”). The Undertaking relates to the providing firm’s e-money...
12/10/2023
FCA publishes consumer protection undertaking from e-money firm
On 4 October 2023, the FCA published a Notice of Undertaking (the “Un­der­tak­ing”) given under the Consumer Rights Act 2015 (the “Act”). The Undertaking relates to the providing firm’s e-money...
07/09/2023
What does consumer duty mean for Fintechs?
This article first appeared in DIGIT News, 5 September 2023. In this contributed piece for DIGIT, Aidan Campbell, partner; and Jamie Marshall, senior associate at CMS break down the cascading effects...
10/08/2023
Supporting the FinTech Community – Headline Sponsor of the FinTech Summit...
Scotland has its roots in financial services and is establishing itself as a FinTech hub. The CMS FinTech team works alongside clients at all stages of their lifecycle. We understand FinTech clients, working with many of our existing clients in this space when they were start-ups or scale-ups. We are leading advisors in FinTech, electronic money, distributed ledger technology, artificial intelligence, cyber security, privacy, and the use of social media by financial institutions. The FinTech ecosystem in Scotland continues to grow at pace, and CMS is committed to supporting Scotland's world class FinTechs. We were delighted to be the headline sponsor at the 2023 FinTech Summit.
11/04/2023
FCA publishes Notice of Undertaking and voices commitment to Consumer Duty
On 31 March 2023, the FCA published a Notice of Undertaking (the “Un­der­tak­ing”) given by Policy Excess Insure Ltd (trading as Nova Direct) (“Policy Excess Insure”) under the Consumer Rights Act...
04/08/2022
FCA final rules challenge financial promotions of high-risk investments
On 1 August 2022, in a bid to tackle misleading adverts that encourage investment in high-risk products, the FCA published stronger rules relating to the financial promotions of high-risk investments...
04/08/2022
FCA final rules challenge financial promotions of high-risk investments
What do the new rules say? The FCA has confirmed that it will implement the following changes (as stipulated in the January consultation) to the financial promotions rules (subject to any targeted changes...
03/08/2022
FCA Consumer Duty – Implementation Toolkit
FCA has published its final rules and guidance for a new Consumer Duty that will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first. Acting to deliver good outcomes should be at the centre of firms’ strategies and business objectives. FCA wants to see increased confidence from consumers, ensuring they are equipped with the right information and the right support to make effective, timely and properly informed decisions.  The Duty includes requirements for firms to: give fair value;ensure customers don’t face unreasonable barriers when they want to switch or cancel products or complain;provide helpful and accessible customer support;take appropriate action to mitigate the risk of actual or foreseeable harm;provide timely and clear information about products and services that customers can understand so they can make good financial de­cisions;provide products and services that are right for their customers; andfocus on the real and diverse needs of their customers, including those in vulnerable circumstances, at every stage and in each interaction. Throughout, the FCA references a renewed focus on the need for firms to understand how their customers behave in practice and how they make decisions. Firms will need to be able to demonstrate that they have considered consumer behavioural biases at all stages of the product lifecycle. The rules require firms to monitor and regularly review the outcomes their customers are experiencing to ensure that their products and services deliver good outcomes and to take action where this is not the case. The consumer duty is also reflected in the SM&CR, with responsibilities on senior managers and all conduct rules staff to act to deliver good customer outcomes. The FCA is giving firms 12 months to implement the new rules for all new and existing products and services. The rules will be extended to closed book products 12 months later, to give firms more time to review what may be a large number of closed products. Firms are expected to make full use of the implementation periods – FCA has set down a timetable of key milestones, the first of which is the end of October 2022 when boards (or equivalent bodies) are expected to have scrutinised and agreed their firms’ implementation plans. How the duty applies and what it means in practice will vary by sector and by firm. Some firms will already be meeting parts of the new standards through their compliance with existing handbook provisions, and the Duty will apply proportionately depending on the nature of firms’ offerings and their customer base. But all firms will need to map their business to the new Duty and be able to evidence how they are monitoring and acting to deliver good outcomes.  The implementation timetable is likely to prove challenging and firms will need to begin assessing their business and what the Duty means for them without delay. To help you navigate this process, we have created our Consumer Duty Toolkit setting out the steps for firms to consider and how we can support you through your implementation programmes.