The answers provided by the Quality of Advice review must make advice affordable to consumers and sustainable for advisers.
The accountants limited licensing regime may be dead but accountancy firms are still enamoured of financial advice.
Financial planning licensees have been told that the adoption of digital advice can deliver them cost-savings of around 20%.
ASIC has reserved for itself the right to intervene in the recruitment of financial advisers by licensees if they are deemed guilty of wrongdoing.
ASIC has said that former clients of Dixon Advisory and Superannuation Services Pty Limited may be eligible for compensation under a potential CSLR.
Financial advisers may be given the opportunity to respond to Treasury’s ‘experience pathway’ proposals prior to implementation.