Shorten may moderate fee disclosure requirement
Assistant Treasurer Bill Shorten has signalled the Government may moderate its approach to annual fee disclosure statements.
Shorten has told the Financial Planning Association (FPA) conference in Brisbane the Government has recognised the arguments around retrospectivity and the position of existing clients.
Shorten also gave the FPA some hope that the Government might legislate to limit the use of the term ‘financial planner’.
He said the Government remained interested in the proposition and would be examining the issue in the future.
AUTHOR
Mike Taylor
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
