| ELIZA BAVIN With research showing the average cost for a Statement of Advice has increased 10% in 12 months, the Financial Planning Association of Australia (FPA) is warning of the detrimental impact ongoing reform is having on financial advisers and consumers. | ANNABELLE DICKSON The Financial Services Council (FSC) has launched a report by Rice Warner that makes a series of recommendations that would significantly change the status quo of financial advice and lead to policy debate. |
| KARREN VERGARA Consolidation in the financial advice industry is leading to a second wave of advisers leaving big institutions and potentially taking the self-licensing path. | ALLY SELBY BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. |
