“Here we go again, more unnecessary regulation. Claims advocacy does not necessarily need to be done by a financial adviser when no financial advice as a result of the claim process is required.”

“It’s very simple. Either intrafund advisers must seek signed bi-ennial (or annual) opt-in fee notices from fund members to receive their salaries (& bonuses) OR the alternative is to remove opt-ins for all retail advisers, once informed consent to charge a set ongoing fee has been put in place with the client. ”

“I think the FPA is on the money here. This is an essential move for financial planning to become a legally recognised profession under professional standards legislation.”