Date posted: 20/06/2022

Submission Quality of Advice Review Issues Paper

CA ANZ submission to Quality of Advice Review

CA ANZ has long advocated for industry reform to ensure that more consumers are able to access high quality, ethical and professional financial advice. CA ANZ welcomes this Quality of Advice Review, specifically in relation to the need for the regulatory framework to be simplified, and for the full scope of financial advice to be put under the microscope.

CA ANZ supports raising the standards of financial advice to better serve and protect consumers.

We believe there is, and will continue to be, a need for trusted advisers to look after the financial advice needs of everyday Australians. It is high time reforms are implemented to ensure advice is less expensive to provide so it is more accessible to all consumers. Advice on simple matters or complex scenarios needs to be able to be provided by suitably qualified professionals in an efficient manner.

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