Yasser made the comments as he spoke about the state of the advice industry on the IFA Podcast, discussing FINSIA's QoAR submission, and the sector's biggest issues and expectations following the review.
“I'm certainly one that believes we can do better through this review at creating a robust environment for financial advice that supports all of those big picture outcomes that governments, and indeed, consumers in our economy are looking for," Yasser said.
"But we also have to be realistic that the pace of change in financial services, the role of innovation and technology in adapting and evolving the way that financial services is delivered right across the B2C market, as well as the B2B market means that there will probably be a need for governments to continue to maintain a close watching brief on a space like financial advice.
“So I think the timing is right. I think the work that is being done here is hugely important."
View FINSIA’s submissions here
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