From AFA to a new era: Phil Anderson discusses the evolving advice landscape

In this episode of the ifa podcast, host Maja Garaca Djurdjevic is joined by the head of policy at the Financial Advice Association Australia, Phil Anderson, to discuss the official end of the AFA and the broader advice landscape. With the Association of Financial Advisers officially winding up, Phil Anderson reflects on the importance of professional associations and shares why he is more optimistic about the future than he has been for a long time. Mr Anderson also speaks about the Quality of Advice Review, the consultation process that is currently underway, and explains why he doesn't expect draft legislation for the review's recommendations this year. Moreover, he touches on the outcome of the class action brought by advisers against AMP over BOLR changes and shares why he believes there is "real momentum" towards changing the regulatory regime that will make advice less costly to provide and access.