Sarah rightly points out that there are super funds, of all persuasions, that would currently struggle to meet the various and important requirements and risk factors attached to providing their members with retirement advice. But the FAAA need to be forward thinking here. Currently they sound a bit like the when the lawyers painted property conveyancing as something only qualified, licensed, trained and practicing legal eagles could or should do.
We all now know that’s not the case and clients have greatly benefited from that evolution.