Assistant Minister for Superannuation, Financial Services and Financial Technology Jane Hume believes there is much to be optimistic about when assessing the future of the financial advice industry.

ASIC will ask advisers what barriers have been created by regulation and licensees that stop the provision of limited advice.

The problems of cost and availability in relation to financial advice can only be addressed by rebuilding the model from the ground up, the AFA has claimed.

How the value of advice is defined should be one of the legacies arising from the coronavirus pandemic, the head of an industry body has said.