Why advisers need to act now on implementing new legislation

Daniel Brammall considers the imminently legislated recommendations following the financial services royal commission as an opportunity for advisers to transition their business to true independence. The president of the Profession of Independent Financial Advisers joins host Sarah Kendell on this episode of The ifa Show. Daniel delves into the Hayne report recommendations expected to come into force on 1 July, the challenges advisers can face in transitioning their business model to fit new legislation, and the Path to Professionalism education program that helps advisers move towards independence. Daniel also explains the impacts of FASEA regulations on the finance industry, the demand for a uniform code of conduct via professional recognition, and whether it's possible for advisers to eliminate all conflicts in their practice.