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Advisers Told 'Biggest Shake-Up' May Result From Advice Review

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26 April, 2022 by Insurance News

Article link: https://insurancenews.com.au/life-insurance/advisers-told-biggest-shake-up-may-result-from-advice-review

The Treasury-led Quality of Advice review may lead to the “biggest shake-up” seen in years for the advice industry, Adviser Ratings says, as efforts to reverse the sector’s decline continue.

Adviser Ratings made the prediction in a new report – its annual take on the state of the industry and changes that have shaped the provision of advice.

The report, 2022 Australian Financial Advice Landscape, says the industry could be at its “nadir” as far as regulation is concerned, potentially supporting a slow revival of its prospects and strong profitability for remaining practice owners.


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