The regulatory framework that governs the provision of financial advice in super is complex. There are overlapping obligations in the law that cover the same conduct or advice interaction, and on top of that, there can be numerous guidance documents for advisers to consider.
ISA strongly supports the inclusion of an obligation in the law that ensures the provision of financial advice is free from conflict where appropriate. However, the complexity of the existing framework has resulted in uncertainty and inefficiencies for funds and financial advisers who are required to navigate the framework.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.