DBFO, CSLR and Mulino: What's ahead for the advice profession?
The ifa Show · Momentum Media
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Show Notes
In this episode of The ifa Show, host Keith Ford is joined by ifa journalist Shy-ann Arkinstall to discuss new Financial Services Minister Daniel Mulino's initial meetings with industry associations, including the Financial Advice Association Australia, the Association of Independently Owned Financial Professionals and the SMSF Association, and what the outcomes of these say about the future of the profession.
As the Delivering Better Financial Outcomes (DBFO) reforms remain top of mind for advisers, they take a look at the Financial Services Council's submission on the legislation, digging into the ongoing concerns regarding the so-called new class of adviser and the uncertainty that has come with only receiving half of the next round of reforms.
Listen as they discuss:
- The soon-to-be-released Compensation Scheme of Last Resort (CSLR) Treasury review.
- How different variations of Division 296 could impact Australians' superannuation savings.
- What advisers might expect to see over the next few months.