The reduction in red tape that is hindering the ability to deliver affordable financial advice to more Australians is a priority for the federal government.

Misconceptions about regulatory barriers to digital advice are preventing advisers from adopting it despite the presence of information to the contrary.

Former Henderson Maxwell chief executive Sam Henderson has been convicted of issuing defective disclosure documents and dishonest conduct by the NSW Local Court.

The Financial Services Council has released research containing recommended changes to the current financial advice model it is looking to use as the catalyst for a policy debate on the issue.

Australians may be able to claim a tax deduction for the cost of receiving financial advice in the future, a member of parliament has said.