Financial advisers are keen on regtech but don’t like digital advice according to ASIC, which provided feedback on its landmark consultation into affordable advice as part of a Parliamentary Joint Committee hearing held in March. In response to a question from Liberal MP Bert van Manen that was taken on notice by Commissioner Danielle Press, ASIC published this week a series of observations about advisers’ views on technology. The common view, ASIC reports, is a widespread reluctance among advisers to embrace investment technology solutions that fall under the ‘digital advice’ umbrella. “There is very little appetite for digital advice among existing advisers,” ASIC stated after going through 469 submissions from advisers, licensees and other industry stakeholders.