Date posted: 21/06/2022

Joint Submission on Quality of Advice Review

Quality of Advice Review Joint submission with AFA, BFP, CA ANZ, CPA, FPA, FSC, FINSIA, IPA, LLF, SMSFA, SIAA, TAA

In brief

  • The joint associations believe in the value of financial advice and wish to see an outcome where quality financial advice is both accessible and affordable for everyday Australians
  • Recommends the Review focus on key themes and embed them into the regulatory landscape

The 12 Associations agree and support the following key themes as the priorities for improving the accessibility, affordability and quality of financial advice for consumers:

  1. Consumer Focused
  2. Recognition of Professionalism
  3. Regulatory Certainty
  4. Open Data and Innovation
  5. Sustainability

The associations recommend the Quality of Advice Review focus on these key themes and embed them into the regulatory landscape, to overcome the accessibility and affordability issues impacting the provision of quality financial advice for consumers, customers and clients.

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