Treasury’s assessment of the financial advice regulatory system is that it’s been built backwards off the presumption of guilt rather than creating a balanced system, showing there is support from the government for the Quality of Advice Review proposals.
Under fire and in a period of industry transformation, financial planners have not had it easy over the last few years. With World Financial Planning Day upon us, industry leaders, including some of the top advisers in Australia, explain why they care about what they do, and the positive difference financial advice makes.
Building a relationship with clients for the long-term is more important than regulatory change if advisers want to stay in business, according to a panel of advisers.