Financial advice will not move forward as a profession while practitioners are dependent on licensees to allow them to practice, according to an industry body.

As COVID-19 social security measures wind down, advisers are seeking more technical help to tackle pending changes to superannuation contributions and fund balances.

Disputes between advisers and clients have led the FPA to create new guidance about what should be recorded in a file note and new ways of capturing that information.

Consumers who have faced financial pressure in the past year are viewing the purpose and value of advice more favourably, with more planning to seek it.