Reviewing vertical integration would benefit both consumers and industry, and the Quality of Advice Review presents a timely opportunity for this. It would also clear the way for policymakers to address the issue of retirement guidance – a current stumbling block in retirement income policy.
The Dixons Advisory case and its abuse of vertically integration "sullies the reputation of all", the shadow minister said. The comments provided a fitting introduction for AMP CEO Alexis George to talk about the lessons learnt and the path forward for the institution.