ASIC considers compulsory advice for complex productsBY MARK SMITH | MONDAY, 14 JUL 2014 12:10PMMandatory financial advice for the sale of complex products is among the measures the Australian Securities and Investments Commission (ASIC) is considering to protect consumers from the risks posed by these investment vehicles. Related News |
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After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
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Income protection is a "complex" product. Income protection should not be sold on a general advice basis. Full stop. ASIC take note.