SimplyBiz slams Hoban McDonald's jibe

In a House of Commons debate on the regulation of IFAs this morning, Hoban said the current minimum financial adviser qualification is "at the same level as a diploma in shift management offered by McDonald's". He said this was not enough, as the products "being sold by IFAs are infinitely more complex and long lasting in their effects than a Big Mac". The comments have sparked anger in the adviser community. Matthew Timmins, SimplyBiz's managing director, says Hoban's comments and refusal to take questions from the floor reveal a lack of knowledge about financial services. I...