Time and date: 08 December 2015 8.30 AM to 08 December 2015 10.20 AM
Location: Incisive Auditorium Haymarket House 28-29 Haymarket London SW1Y 4RX
Organiser: Professional Adviser
Website: Click here

Looking overseas to solve the advice gap conundrum

Australia brought the world AC/DC, Vegemite and the selfie; can it also show it how to broaden citizens' access to financial advice?

The government and Financial Conduct Authority (FCA) have launched the Financial Advice Market Review (FAMR) to examine how financial advice could work better for consumers.

As part of the project, it will examine what it can learn from other nations that have attempted to foster a savings culture and promote financial advice and guidance.

Australia introduced its Future of Financial Advice (FOFA) regulation in 2012/13. Similar to the Retail Distribution Review (RDR), FOFA mandated transparent fee disclosure and banned retail investment commission. But it also utilised technology to give more people the opportunity to seek financial advice.

In this exclusive breakfast briefing, adviser technology specialists - with its Australia-based global HQ - IRESS will examine the impact of FOFA and outline what the UK can learn from the Australian experience.

• What impact did FOFA have on advisers?
• How might it have helped broaden access to financial advice?
• What role is technology playing in the Australian advice market?
• What can the UK learn from the above?

Programme Timings

8.30am - 9.00am: Breakfast and registration
9.00am - 9.05am: Welcome address by Scott Sinclair
9.05am - 9.35am: Looking overseas to solve the advice gap conundrum by Mark Loosmore, Executive General Manager (Wealth), IRESS
9.35am - 10.05am: IFA case study by Phil Billingham ACII FPFS CFPCM Chartered Wealth Manager Chartered Financial Planner, Operations Director, Perceptive Planning
10.05am - 10.20am: Q&A session
10.20am: Finish & network

Speakers

Mark Loosmore - Executive General Manager (Wealth), IRESS

Mark has a successful track-record of business development in the IT and the Financial Services market, including helping both NCR and AT&T to establish themselves as key technology suppliers to the Insurance sector. In his role as Business Development Director for Focus Solutions Group, he led the company's growth - developing and launching new market propositions that resulted in a twenty-fold increase in revenue.

Mark joined IRESS in November 2011 as part of the commencing executive team to build the UK Wealth management division.

Phil Billingham ACII FPFS CFPCM Chartered Wealth Manager Chartered Financial Planner, Operations Director, Perceptive Planning

Phil Billingham joined the Financial Services profession in 1982.

He is a past Director of the Institute of Financial Planning (IFP), and of the Society of Financial Advisers (SOFA) and of the Financial Planning Standards Board (FPSB) Regulatory Advisory Panel.

Phil has worked with Advisers, Planners and Regulators in the UK, Isle Of Man, USA, Canada, Bulgaria, Hungary, South Africa, Australia, Jersey, Guernsey, Gibraltar and Eire.

Phil is an Associate of the Chartered Insurance Institute (ACII), a Fellow of the Personal Finance Society, a Certified Financial Planner (CFP), a Chartered Wealth Manager and a Chartered Financial Planner.

Together with his wife, Shannon Currie, he is an owner, Planner and Operations Director of Perceptive Planning. This firm has been awarded both Chartered Financial Planner and Accredited Financial Planner designations.