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Collaboration needed for future financial advice


 
We’ve sat in on thinktanks and joined in roundtables, we’ve made and read submissions and we’ve seen the Financial Services Council’s (FSC’s) green paper ‘Affordable and
Accessible Advice’, following on from its 2020 ‘Future of Advice’ report. Various industry groups have lobbied politicians of all persuasions and consulted with the regulators. 
 
 
Research has provided us with valuable insights. We know that many consumers both need and want financial advice. We know that people who receive advice value both the advice and their advisers. More than 90% of our members want to stay in the business.
 
Industry research also tells us that people prefer to receive personal advice. Even the Australian Securities and Investments Commission (ASIC) has noted many consumers prefer to deal with an individual face-to-face. This allows consumers to build trust and rapport, rather than interacting with a cheaper, digital advice using an alg ....

Albert Einstein , Neil Macdonald , Australian Prudential Regulation Authority , Investments Commission , Financial Services Council , Australian Law Reform Commission , Alignment Optimisation Technology , Advisers Association , Australian Securities , Privacy Act , Corporations Act , Consultation Paper , Marek Lis , Platinum Project , Big Hairy Audacious Goal , Money Management , ஆல்பர்ட் ஐன்ஸ்டீன் , நீல் மெக்டொனால்ட் , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , முதலீடுகள் தரகு , நிதி சேவைகள் சபை , ஆஸ்திரேலிய சட்டம் சீர்திருத்தம் தரகு , ஆஸ்திரேலிய பத்திரங்கள் , ப்ரைவஸீ நாடகம் , நிறுவனங்கள் நாடகம் , ஆலோசனை காகிதம் ,