Now’s the time for industry super funds and financial advisers to work together to give members access to high quality retirement advice. Calls to expand the scope of intra-fund advice to include r
Treasury’s bumper 50-page Quality of Advice Review Issues Paper covers everything from digital advice to the accountants’ exemption but misses the one thing that has the biggest potential to impro
Younger said licensees and advisers were conscious that the current monitoring and supervision was backward-looking and there was a desire to monitor and supervise in a way, so they were not doing annual audits but rather things are being audited consistently. This, he said, would free up resources to do coaching, to improve processes, and to create better client experiences.
Also contributing to the report, XY Adviser, managing director, Clayton Daniel, said advisers’ needs were not being met.
“If you consider the traditional role licensees have played, there is a lack of licensee services being provided in the market. While we have seen the rise of services provided by specialists, I am not sure the industry has caught up with what advisers need,” he said.