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10 September, 2010
Power to the planner
"Think back to the most significant change in advice over the last number of years; you have to say it was FSR. I think an outworking of that reform saw much of the power in the value chain shift to the licensee, or the financial advisory network. "I would suggest this [current] wave of regulatory reform will probably move that power base to, in fact, the adviser. "But I think it sends a message back up the value chain. All of us in the industry have to participate with that end client. "And that might necessitate different changes around what licensees deliver to planners and what, further up the value chain, the product manufacturers deliver to licensees." Click here to read what Neil Younger, head of dealer groups at BT Financial Group, says about the future of financial planning. And leave a comment to let us know what you think. Please email info@professionalplanner.com.au for details on how to subscribe to Professional Planner magazine