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Coronavirus delays standards regime changes for the financial advice sector

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18 May 2020 by James Kirby, The Australian

Article link: https://www.theaustralian.com.au/business/wealth/coronavirus-delays-standards-regime-changes-for-the-financial-advice-sector/news-story/dc6425ec5e883725bf3c5ca8179a443a

The effective extension of the FASEA (Financial Adviser Standards and Ethics Authority) regime comes as the Adviser Ratings report reveals key changes occurring across the sector in recent months.
In essence, the practice of offering full service comprehensive personal advice is now so heavily regulated that the numbers of new professionals joining the sector are due to slow substantially, with very few graduates joining the industry.


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