PIS chief considers industry advocacy role as he steps back from dealer group.
Professional Investment Services (PIS) chief executive Robbie Bennetts plans to turn his focus towards greater advocacy of Australia's financial planning industry as he steps back from day-to-day management of the dealer group.
Bennetts intends to work with the financial planning industry and government lobby groups for greater consumer education on investments, as well as the removal of rogue financial planners.
"We've been restructuring here [at PIS], we've put in our three major pillars of the business and we're looking forward to management stepping up now so that I can take more time working with the industry and lobby groups and helping the regulator understand what the industry is about," he said.
"I've spoken to a lot of politicians that are keen to work with people like myself so that they can get a better understanding of the industry."
Bennetts said there needs to be a greater focus on education surrounding financial products, particularly the risks of investments.
"If I was to make a further contribution to the industry it would be to drive that," he said. "We need everyone to understand that investments of any nature have risk."
Bennetts will remain chief executive of the dealer group and will be involved in new group developments.
Proposed new developments for the dealer group include moving a select number of its large advice practices under a new entity as well as the development of a new platform and banking product.
The two non-consecutive alphabetic letters encountered most often last week caused more controversy than the underlying policy they represented, Wouter Klijn writes.... read more »
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