The financial advice profession will likely end up with a number of different business models including smaller boutique practices of partners with underlying advisers and a team of support staff, according to an adviser.
There is an ambivalence among investors to accept they are members of a failing investment scheme with the corporate regulator likening members of the Sterling Income Trust to passengers on the Titanic.
The Australian Taxation Office lacks transparency throughout an unpaid super complaint process and may be lacking in resources to deal with them with one in four workers affected by missing super, according to a panel.
The Corporate Collective Investment Vehicle will reduce tax barriers for Australian fund managers, while the retirement income covenant will require superannuation funds to have a retirement income strategy in place for members.
With a Federal Election and several reviews underway, there will be no room for regulatory changes in 2022 but the end of the year will be a different story once those are completed, according to the Financial Planning Association of Australia.