Why 2022 is the year everything changes
It’s difficult to overstate just how much hangs in the balance for advisers in 2022. Let’s walk through the key dates (and key issues) to mark on your calendar.
Alex Burke
January 25, 2022
It’s difficult to overstate just how much hangs in the balance for advisers in 2022. Let’s walk through the key dates (and key issues) to mark on your calendar.
With the GFC still in recent memory, you’d think super members would be better-prepared for the economic crisis triggered by COVID-19. But new research from Griffith University shows that many people made the exact same mistakes with their retirement savings this time around – unless, of course, they had an adviser at their side.
In a speech, Labor MP Stephen Jones sharply criticised the Government’s role in the exodus of over 10,000 advisers since 2018 and said Labor would scrap bachelor’s degree requirements and recognise prior experience.
A round of major policy changes affecting advice will kick in next year. What’s still on the table and what can advisers expect from 2022?
In its interim report into the legislative framework around financial services, the Australian Law Reform Commission has made several key recommendations aimed at reducing the complexity of the gargantuan Corporations Act.
With exactly one month to go before the Better Advice regime kicks in, you’d expect some clarity on the important details. But ASIC’s comments at a recent parliamentary committee hearing suggest there’s still a lot more up in the air than one would hope.
What separates the most profitable advice businesses from the rest? According to new research from Iress and Business Health, average time spent on generating SOAs is a major factor.
Last week, Liberal Senator Andrew Bragg railed against “sinister” and “anti-competitive” practices restricting crypto trading in Australia.
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