Poll Results – Will Sanity Prevail?

When it comes to sanity prevailing for sustainable risk advice businesses post the Quality of Advice Review, the results of our latest poll suggest most advisers think the future is still up for grabs.

Since Riskinfo launched way back in 2008, we think this is the first time the ‘Not sure’ option has emerged as the top response in the hundreds of polls we’ve run – and by a mile. So, what does this mean?

One reasonable possibility is that the crystal ball into which we’ve asked you to gaze is too cloudy to see clearly – that is, it’s just too early to make an assessment about the outcome of the the Quality of Advice Review recommendations when it comes to future prospects for risk focussed/risk specialist advisers and advice businesses.

…every adviser presently active on ASIC’s Financial Advisers Register still has an opportunity to contribute to the review’s outcome

Instead of speculating further about the outcome of the Quality of Advice Review, however, it’s worth emphasising that every adviser presently active on ASIC’s Financial Advisers Register still has an opportunity to contribute to the review’s outcome, by way of having your voice heard in the survey of financial advisers being conducted as part of the review’s process (see also: QoA Review – Advisers Urged to Have Their Say).

The Treasury has confirmed it is seeking direct input from all current advisers on their experiences under the current regulatory regime, and that your responses will ultimately form part of the review’s evidence base to inform the final recommendations of independent reviewer, Michelle Levy.

As you contemplate participating in the adviser survey, if you haven’t done so already, our poll remains open for another week and we welcome your thoughts…