Regulation, funding inhibits digital advice: ReportBY KARREN VERGARA | MONDAY, 22 MAY 2023 6:33AMSeveral key risks are inhibiting digital advice providers from operating with confidence, a new report finds, one of which is the red tape that is preventing them from moving successfully forward. Related News |
Editor's Choice
Macquarie AM reshuffles real assets team
Macquarie Asset Management has consolidated three of its listed real assets businesses and reshuffled the investment team in a bid to drive synergies available to the asset class.
Australian Ethical drops investment fees
The super fund has lowered investment fees for superannuation and pension members.
Super Members Council names deputy chief
Following a promotion, Georgia Brumby is now deputy chief executive of Super Members Council (SMC).
Best and worst performing ETFs revealed
The best and worst performing Australian ETFs have been identified in a new report from InvestSMART.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
The embedded value of digital vaults
Those of us working within the financial services industry are only too aware how important it is to safeguard sensitive information against data breaches ...
NALE: There's still work to be done
Recent legislative amendments have reduced the tax penalty for some expense shortfalls but not all.
Super funds need to get better as they get bigger
While rapid growth sounds like a good problem to have, many superannuation funds are wrestling with it.
Navigating the stage three tax cuts with certainty
This year, the first of July marked more than just the start of the new financial year; it was also the beginning of the government's stage three tax ...
Featured Profile
Justine Marquet
HEAD OF TECHNICAL SERVICES
ALLIANZ RETIRE+
ALLIANZ RETIRE+
Allianz Retire+ head of technical services Justine Marquet is at the forefront of a new and exciting phase of the retirement system, sharing how she is using her well-rounded skill set to revolutionise the next chapter. Karren Vergara writes.
Download the app Premium subscribers can access even more content from Financial Standard. |  |
It's a pivotal time for the advice industry.
Digital advice is not binary. Clients move in and out of different forms of advice over time. Digital advice is as much an offer for an advisory practice as it is direct to consumer offering from superannuation funds. Indeed, practices share the same cost to serve issues as large institutions and superannuation funds. Digital advice provides a service for all players to "nurture" clients along the advice spectrum. We are on this journey with the rest of the financial services sector and fintechs.