In this week’s episode of IFA Talk, the weekly podcast from IFA Magazine, we discuss what needs to change to bring more consumers into investing. Joining us to do this is PIMFA’s Director of Government Relations and Policy, David Ostojitsch.
Despite the government’s clear focus on pushing retail investing and closing the advice gap, there are clearly still some barriers in the way. David reveals what he thinks needs to change to bring more consumers into investing.
He then moves on to discuss PIMFA’s latest research, which found that 63% of firms don’t currently plan to offer Targeted Support, even though they think it will support people to make better financial decisions. David answers why he believes the adoption rate is so low, before outlining what clarity firms need before moving forward with simplified advice.
Lastly, we ask David whether there is a genuine shift in regulatory pressures, which appear to have eased slightly. He shares advice for advisers, outlining what they should focus on over the next 12 months.
Be sure to check out this episode and all other episodes of IFA Talk on Spotify, Apple Podcasts, and Amazon!
Also, you can listen to the episode with Wesleyan’s James Tothill, mentioned in this podcast, by clicking here!
David Ostojitsch
David joined PIMFA, the trade association for wealth management and financial advice, in November 2022 as Director of Government Relations and Policy. He is responsible for PIMFA’s relationships with governments and regulators, and for regulatory and supervisory policy.
Before joining PIMFA, David worked at the Association of Financial Markets in Europe (AFME) as Director of Investment Management Technology and Operations Policy. Earlier in his career, David worked at PwC in investment management and technology advisory.
Disclaimer
IFA Talk is for financial professionals only. All material has been carefully checked for accuracy, but no responsibility can be accepted for inaccuracies. Wherever appropriate, independent research and whatever necessary legal advice should be sought before acting on any information contained in this podcast. Value of investments and income from them go down as well as up, so you may not get back the amount you originally invested.
