Advisers will need to be registered by their licensees each year to stay in business under a proposed measure contained in draft legislation released by the government today.

The scrapping of SOAs and a clear distinction between general and personal advice would reduce the cost of advice, according to the FSC.

Being able to demonstrate the value of advice is set to become more important as a result of technological advancements.

High net worth investors have indicated they like the idea of financial advice, but few have taken steps to actually receive any, according to Investment Trends.

The latest industry research has shown the value of financial advice, as opposed to the cost of it, is being recognised.