The Personal Investment Management and Financial Advice Association (PIMFA) has appointed Tim Fassam to its newly created role of director of government relations and policy.
The association announced that Fassam has joined from TheCityUK where he was managing director of public affairs, policy and research, having previously held several roles in wealth management, insurance, banking and financial advice.
Fassam is set to join PIMFA at the end of March to spearhead its engagement activities with the FCA and the Government.
Fassam said: “I am very pleased to be joining PIMFA at such a transformative time in history for both the association and the country. It is at times of uncertainty that advisers and wealth managers can be of most help to their clients.
“Currently even some experienced investors will be struggling know what to do, those making complex retirement decisions for the first time may be struggling even more. The next few years are a chance to help shape policy and regulation so that it enables the sector to help investors both large and small navigate a very different world.”
PIMFA also suggested that initially, Fassam will be working with the Government and the FCA to ensure PIMFA members’ views are represented in any discussions involving policy responses to the current coronavirus crisis.
More broadly, the association added that his work will centre on ensuring the profession is recognised as a distinct and critical sector within financial services, and demonstrating the value of advice not only in times of uncertainty, but throughout the lives of consumers.
PIMFA chief executive Liz Field, added: “I am delighted that Tim will join PIMFA as we enter a new phase of development. He brings with him a wealth of experience and knowledge that I am sure will prove invaluable as PIMFA seeks to engage with the FCA, Government and other stakeholders at what will prove to be a time of unprecedented change for wealth managers, financial advisers and consumers.
“PIMFA intends to make sure its members’ voices interests are represented at the earliest stage possible through positive engagement with policy makers and regulators to ensure policy better reflects the realities of financial advice and personal investment management in the 21st century.”
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