Iress Contributor
Advisely BoardHi Sarah, thanks for your time today! We are with a large AFSL so don't really have the ability to play with the SOA templating. It's obviously early stages with the proposed changes and a change in government could throw everything up in the air, but I'm wondering if xplan is gearing up for these changes and if xplan feels there's a big difference between the old and new SOA/CAR? There's a bit of media coverage suggesting it's not going to look much different? Cheers!
Iress ContributorHi mat.tenison3 - that’s a great question, and definitely a hot topic right now. We’re keeping a close eye on the proposed changes and are actively thinking about the future of advice and how Xplan can support it.
While the proposed Client Advice Record (CAR) appears to contain much of the same core information as the current SOA, we see this as an opportunity to rethink how advice is delivered to clients. Rather than continuing with long, compliance-heavy documents, there’s a chance for CARs to become more engaging, client-friendly, and easier to understand—while still meeting regulatory requirements.
At this stage, Iress hasn’t released an official plan regarding CAR support in Xplan, but it’s very much on our radar - so definitely watch this space!
