The Minister highlighted the role of ‘single issue’ advice in bringing the industry back to life and implored ASIC to be ‘forward leaning’ in facilitating the rollout of tools advisers need to flourish.
Executive director Joanna Bird said the corporate regulator has twin projects focused on protecting “vulnerable” consumers during the pandemic, at the Professional Planner Digital Licensee Summit this morning.
Listed financial services technology provider Iress made an offer for OneVue which resulted in a more than 56 per cent jump in OneVue shares on Monday. A separate resolution regarding the sale of Madison Financial Group is expected to be imminent.
The great wealth exit by the banks has played out in the last 12 months and is now reflected in shape of the industry as many advisers have chosen to go down the self-licensed route and many more have left the industry entirely.