Adviser Innovation logo
Adviser Innovation logo
Advisor Inovation logo
ASIC launches financial adviser hub to increase regulatory certainty

ASIC launches financial adviser hub to increase regulatory certainty

author image
By Maja Garaca Djurdjevic ·
December 08 2021

ASIC launches financial adviser hub to increase regulatory certainty

ASIC has launched its financial adviser hub to increase regulatory certainty in the industry.

ASIC launches financial adviser hub to increase regulatory certainty
nestegg logo

Acting on industry feedback, the corporate regulator has launched the Financial Advice Hub for advice licensees and advisers.

The centralised financial advice web page is supposed to act as a one-stop access point for pertinent guidance and information impacting financial advice licensees, advisers, and relevant stakeholders.

“The financial adviser webpage is just one in a range of initiatives that ASIC has scheduled for release in response to calls to better assist advice licensees and advisers in their efforts to provide good-quality and affordable personal advice to consumers,” the corporate regulator said in a statement. 

ASIC developed the web page following feedback, in response to Consultation Paper 332: Promoting access to affordable advice for consumers (CP 332), that ASIC’s guidance was hard to find. 

Advertisement
Advertisement

“As part of CP 332, we asked industry to provide feedback about the impediments to providing good quality and affordable advice. We received an unprecedented 466 submissions from industry participants and relevant stakeholders,” ASIC said.

“Part of the response from industry asked for shorter, simpler, and more user-friendly guidance with practical examples.”

ASIC added that it anticipates that these new initiatives can help industry participants reduce compliance costs and deliver personal advice more efficiently and effectively.

“We will continue to engage with industry on initiatives to assist them with providing good quality and affordable advice to consumers as resources permit,” the corporate regulator vowed.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook.
Find us on Twitter for the latest updates
author image

About the author

Subscribe to our Newsletter

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

latest articles