The interest in financial advice from new clients has spiked in recent weeks, alongside growing concerns from advisers about their own long-term survival.

ASIC’s decision to make providing financial advice easier from a compliance perspective in the wake of the coronavirus pandemic was made in collaboration with five industry bodies.

More than 75 per cent of financial advisers expect the economic impact of COVID-19 to result in long-term demand for financial advice, a survey has revealed.

Financial advisers should be ramping up their communication with clients and reassessing portfolios during this time of economic uncertainty, a senior advice executive has said.