Understanding the regulatory costs impacting advice

In this episode of The ifa Show, host Keith Ford is joined by Phil Anderson to discuss a range of pressing issues for the advice profession that are adding a cost burden to the provision of advice. Anderson, who is the general manager of policy, advocacy and standards at the Financial Advice Association Australia (FAAA), explains the different mechanisms in how the CSLR and ASIC funding levies are calculated and paid, and why the upcoming RITC changes will impact advice clients. Listen as they discuss: The push for greater consideration of tax deductibility for advice fees. Why the FAAA still wants the first DBFO bill to be passed quickly. The crunch of financial services legislation currently under consideration.