Quality of Advice Review lead Michelle Levy discussed in detail her ‘good advice’ proposals with Professional Planner and how the regime would prevent the return of conflicted advice models from major institutions.
Almost one third (29%) of advisers admit their knowledge of the Sustainability Disclosure Requirements (SDR) is poor and yet only 34% of firms are offering ESG training, according to CoreData.
Research commissioned by the Financial Services Council estimates two million Australians could spend over $20 billion in retirement by 2040 if the Quality of Advice Review proposals go through.
Fintech provider Padua Solutions has used internal data collected through its products to quantify the average advice fee. Amid a tight regulatory backdrop fees increased by 16 per cent in the past financial year.