The ability to charge a fee for their services will be a differentiating characteristic for financial planners in the newly proposed advice model.

The implementation of bold measures may be undertaken by the government in order to reduce administrative costs and make financial advice more affordable.

The good advice principle to be recommended by the Quality of Advice Review resulted from the need to establish a less rigid practitioner standard.

Members will have their opportunity to vote on the proposed FPA/AFA merger organisation towards the end of February next year.

A requirement for licensees to register financial advisers by 1 January 2023 has been pushed back so ASIC can improve the registration process.

Financial advice has been a key factor in helping investors handle volatile markets, with advisers considered a source of value by their clients.

Apprehension has surfaced over the Quality of Advice Review proposal for the deregulation in the provision of general financial advice.