ASIC’s consultation paper ‘CP 332 Promoting access to affordable advice for consumers‘ seeks information from financial advice industry participants and other stakeholders on impediments to the delivery of good-quality affordable personal advice.
The SMSF Association identifies this consultation paper as an opportunity to address the regulatory burden that often restricts the provision of affordable advice for consumers. As such, we encourage all interested SMSF Association Members to provide their feedback to ASIC, using the online functionality known as ‘Checkbox’; this can be found here.
As guidance, we have extracted several questions from CP 332, outlined in the Member Guidance document below, that we encourage you to focus on if you wish. Additionally, we invite you to join us within your Local Communities for a virtual roundtable discussion, enabling us to collate the feedback and views of our members, and to finalise our own submission on CP 332.
To register for the virtual roundtable discussion within your Local Community, click here.
At the time of publishing, the contents of this resource were accurate and correct.
Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association