The Financial Adviser Standards and Ethics Authority (FASEA) has indicated there will be little to no consultation between now and when legislation is introduced for the new professional standards for financial advisers and accountants next year, according to an industry body.

Despite the continued negative predictions for mature-age advice practitioners, their expertise and skills are in demand to fulfil new and emerging roles as the industry transitions into the post-Future of Financial Advice and post-royal commission era.

SMSF advisers need to ensure they are across the evolving fundamentals of SMSFs, from setting up a fund to alternative investment strategies, a technical expert has warned.

The Financial Adviser Standards and Ethics Authority (FASEA) has said it will modify an error it made in its draft guidance on education pathways for new and existing financial advisers with foreign qualifications.