Interesting dilemma, -the article suggests many advisers want their own AFSL because they feel their existing AFSL is too compliance focussed. What if their existing arrangement is industry best and they are looking to head towards a lower standard? If a mistake is made the underwriter will step back and the business is exposed to a claim(s) ....could be closure of a business. To protect this, the adviser will need to allocate many many hours to RM responsibility.... yet another survey says advisers want to spend more hours with their clients and less on compliance. Maybe the real question is are we moving closer to a litigious society or less so. Then make a decision.
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