If the success of the Code of Ethics is marked by an industry that can self-regulate and hold itself to account then we are a way off, Paul Moran, a self-licensed practice owner describes alongside UNSW’s Tracy Wilcox. Moran raises the possibility that a transition to this future state could be aided by a two-tiered approach to regulation.
AustralianSuper advice play bodes well for DBFO resurrection
The nation’s largest superannuation fund has heeded the call of regulators to lift its risk appetite and embark on personal financial advice to members. Even with the counsel of top lawyer Michelle Levy, the megafund will find it challenging to navigate the complex advice laws as they stand, but its bullishness is likely a positive sign for the future of advice reform.
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