ASIC can go much further in improving its example statement of advice, which falls short in many respects, particularly in today’s digital age. We’re pleased to see the Financial Planning Association (FPA) has agreed with a number of our suggestions, which would make SOAs more suitable for tech-enabled humans.
One of the motivating factors behind our firm is the empowerment of all people to make better financial planning decisions. Quality financial advice should be a cornerstone in the life of every person. But women, given the inequitable social and economic dynamics, need better financial security and lifestyle choice.
Regtech, artificial intelligence, on-demand online education services, and pre-emptive risk detection are the ways of the future for the financial advice industry to tackle compliance and higher education requirements, Malavika Santhebennur found.
Many financial advisers still perceive technology as a threat to their profession, the fear around the rise of artificial intelligence (AI), financial planners concerns about being replaced, however no algorithm or robo-adviser in the world can currently deliver complex financial planning.
Will automated advice capability drive better financial planning outcomes?
An all-pervasive feature of modern life is the speed of technological change, and of our collective capacity to adapt to the multiple impacts of change. This blog seeks to address fears for financial advisers.