A 37-minute listen.  

Our latest visitor to the Octo studios John Barrass, deputy CEO of PIMFA, talks Gary Shepherd though his concerns about the post-RDR widening of the ‘advice gap’, and why robo-advice will never replace the of value face-to-face meetings.

He outline’s the preference for face-to-face advice in almost all categories of client, including tech-savvy millennials: “At the end of the day, everyone wants someone across the table to talk to them in a professional way.

“They want a person to help them make decisions which is a very British habit”.

In a wide-ranging discussion, John outlines why he believes PIMFA “punches above our weight” in representing DFMs, wealth managers and advisers in shaping regulatory and legislative responses to the ever-changing financial landscape of MiFID, SM&CR and PRIIPs.

The discussion also covers tackling the threat of cyber-attacks on financial services businesses, and how PIMFA’s Private Investor Indices reflect the industry’s true investment preferences.