Tech Know - Will changes lead to Better Advice?


Information for advice professionals only.

With the resumption of Parliament, the “Better Advice” Bill has continued its progression through Parliament to give effect to the wind up of FASEA at the end of 2021.  In this week, we look at the outcome from a Senate Committee review of the Bill, as well as the commencement of a consultation on supporting regulations.

Listen to the podcast below.

You can also access this podcast via Soundcloud.

This podcast explores how this calendar year has seen global equities drop 35.8% from their pre-pandemic high but have since recovered 52.4%, a drop from the February high of 2.4%.

Podcast & PDF
Today’s podcast focus on three announcements made in the last seven days, from information sharing protocols that will apply when hiring a new adviser, through to a proposed compensation scheme of last resort where valid claims for poor advice remain unpaid, and finally a consultation process on the long discussed retirement income covenant for all superannuation funds.
Podcast & PDF

Things you should know: This commentary has been prepared by Westpac Financial Services Limited for use by advisers and must not be made available to any client. The commentary provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. Projections given are predicative in character and whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This commentary may also contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of, or endorses any such material.