
A new survey has found the FOFA-like UK financial advice reforms have seen 60,000 “lower value” clients priced out of professional advice services.
"As a result of the implementation of RDR, financial advice firms are more focused on costs,” said APFA director general Chris Hannant.
“Clients' fees need to reflect the cost of providing the service, whilst at the same time RDR has added to the operating cost of firms due to the resources needed to comply with the new rules.”
“As a result, advice is now less viable for some.”
The SMSF Association has argued that ASIC’s reputation and the fact that large...
The corporate regulator is investigating the former director of a Gold Coast fin...
The federal opposition’s financial services spokesman says the Treasurer’s r...