Distinctions between “experienced” and “relevant” advice providers could lead to further confusion, according to The Advisers Association’s CEO, Neil Macdonald.
The Financial Advice Association Australia has recommended a 10-year sunset clause in the experience pathway to support older advisers, as it reveals its membership is equally divided on the pathway in its current state.
The SMSF Association has stated that the adoption of an experience-only pathway to satisfy the education requirements for financial advisers does not meet the original policy intent of enhancing profe