In our recent conversation with Senator Jane Hume on our flagship show Future Talk, hosted by Bryce Doherty, it was enjoyable to hear her passion and excitement about the future of financial services.
Now, while I am not immune to the magic of politicians selling a policy position, it was very clear that Jane Hume was more than just selling a party line. Her deep experience working in the industry, combined with an obvious passion for financial advice and fintech meant it was a fast-paced, interesting discussion about where we have been and where we are going.
While she did not rule out more change for large super funds, which may cause a stir in that side of the market, she did take the position that financial advice has gone through its biggest changes, and the road ahead was about rebuilding the industry and its trust levels with the greater population, along with using open banking and fintech to drive down the cost of advice and give consumers more choice and more control.
After the conversation was over, I had to say I felt a new energy around government policy, and perhaps the opportunity we have as an industry to thrive in a post COVID-19 world – which is not something you can take away from talks with most industry leaders at the moment.
I would have to say it is both refreshing and advantageous to have someone who intimately understands the portfolio she is responsible for, and the nuances of a very complex past. Perhaps now, with Mathias Cormann announcing his imminent retirement from politics, the Senator will have even greater influence on the financial services industry moving forward.
I hope you enjoy watching this fast-paced conversation between Bryce and Jane. It can give you some insight into where to next, and how to position your business in the right place for growth.
Until next time,
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06 August, 2020
New results from FASEA have highlighted "areas for improvement" for unsuccessful exam candidates.