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“Taking the lead and trying to fix many of the issues raised in terms of legislation and regulation will require much, much more,” he said.
Anderson’s sentiments were echoed by former dealer group chief executive, Paul Harding-Davis who said he believed that while the ASIC review would likely succeed in identifying many of the key issues driving up costs in the financial planning arena, ASIC would struggle to objectively suggest to remedies to the Government.
A common theme emerging across all of the submissions so far filed with the ASIC review has been the time and costs associated with regulatory compliance, with both Harding-Davis and Anderson agreeing that this reflected the manner in which layers of regulation had been imposed on the industry over the past two decades. ....

Paul Harding Davis , Phil Anderson , Investments Commission , Association Of Financial Advisers , Federal Government , Australian Securities , Financial Advisers , Financial Systems Review , Financial Advice , Affordable Advice Review , பால் கடினப்படுத்துதல் டேவிஸ் , பில் ஆண்டர்சன் , முதலீடுகள் தரகு , கூட்டாட்சியின் அரசு , ஆஸ்திரேலிய பத்திரங்கள் , நிதி அமைப்புகள் விமர்சனம் ,