Most RecentMost ViewedMost LikesWhy the QAR response feels like a win A tiered approach still needs best practice to sit on top of it all. The good, the bad and the banks If regulatory complexity – and the onerous compliance obligations stemming from it – is one of the primary contributors to the cost of financial advice, it stands to reason that simplification will make advice more affordable for everyone. What's in a name? Would an adviser by any other name be just as qualified? “Good advice” and the spectre of vertical integration When all advice is “good advice”, all that’s left is price. That sentence more or less encapsulates one of the most pertinent concerns about the overhauled regulatory model for financial advice The hidden benefit of the "qualified adviser" The name may have some issues, but we shouldn't see "qualified advisers" as competition. Putting the cart before the horse The AFA believe many requirements under current financial advice legislation, including annual renewal and the use of financial services guides, as “additional layers of bureaucracy [introduced] with little consideration of the impact on clients
