The younger generation’s drive into SMSFs should give the sector a further growth boost, putting pressure on incumbents to lower fees and enhance services.
The FSC pitched its final suite of reforms – including the abolition of safe harbour steps, a reissue of the Code of Ethics and swapping SoAs for 'Letters of Advice' – after KPMG reported that the advice process is a loss making venture, while the council's 'simple verse complex' advice demarcation plan has been scrapped.