The Banksia SPIN

Future of Financial Advice Reforms

In late March 2012 the House of Representatives passed the Future of Financial Advice legislation.

The objective of these reforms is to (i) improve access to financial advice through the introduction of ‘scaled’ or limited/single issue advice, (ii) remove conflicted forms of remuneration in the financial advice industry which have (or are perceived to have) influenced the advice provided, and (iii) strengthen investor protection. <<Read more>>