I'm a mature adviser with 45 years of experience in Financial Services with several General Management role in Life Insurance Companies, Financial Planning Businesses and Retail Banks. I have been a Financial Planner for 21 years.
I have no objection to other than licensed advisors giving advice, so long as, for whatever type of advice we are providing it requires the same education, documentation and liability. Simplistically, if giving interfund advice which almost certainly will involve some level of personal details, we should have the same requirements as a superannuation fund employee/adviser, otherwise this just becomes a penalty for going through the whole education/professionalism process. In addition, having advice costs charged against a fund, rather than the individuals account, in my view, discriminates against those members who choose to have their advice provided by an external entity.