Replacing statements of advice with simpler documents and removing safe harbour steps would reduce advice costs and time by one-third, the FSC has claimed.

Adviser Ratings has revamped the methodology it employs to rate practitioners to give consumers a better idea of financial services professional standards.

Financial planners have significantly changed the methods by which they service their SMSF clients since the outbreak of the COVID-19 pandemic.

The experience in overseas markets like the UK shows communicating the value of advice will be key to the pursuit of success for practitioners.

Not recognising specialist advisers ignores the intended outcomes of the FOFA reforms and shows the poor decision-making of FASEA.