For Consumers

For Advisers

Connect with us

Media

In Brief: July Edition  

Do you have a good advice story?

Are you an adviser with a customer who'd like to tell their story how your advice helped them?

Are you a customer with a good story about how advice has added value to your life?

Tell us about it

ASIC, Consumer Groups Back Efforts To Simplify Financial Advice

« back to media

3 December, 2021 by Aleks Vickovich, Australian Financial Review

Article link: https://www.afr.com/companies/financial-services/asic-consumer-groups-back-efforts-to-simplify-financial-advice-20211202-p59edx

The corporate regulator and consumer advocates support making financial advice less complex to provide and receive, adding their voices to the growing alarm that professional guidance is unaffordable for most Australians as millions of Baby Boomers approach retirement.

The Australian Securities and Investments Commission has told financial advisers they can legally limit the scope of their services to a single issue or narrow set of topics rather than always provide advice on a consumer’s whole financial life. For example, they might just focus on insurance or whether to ditch your superannuation fund.


Comments

No comments added.


Add comment

Name

Email

Comments

Enter code:*

Add comment


« back to media