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Aussie advice shift mirroring UK, South Africa
Aussie advice shift mirroring UK, South Africa
Regulatory changes in the Australian advice market has echoed those of the UK and South African landscapes, with advisers across all countries needing to adapt and work hard to futureproof their businesses.
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Allan Gray representatives from Australia, the UK and South Africa addressed the shifts in a December webinar, agreeing the changes in advice had been catapulted to the fore by the coronavirus pandemic.
JD de Lange, chief operating officer of Allan Gray, commented that in a recent survey from Wealth Insights Australia, one-third of advisers reported that they would leave the industry within the next year or two.