Our latest poll takes us back to the future as we again seek your view on the latest developments around the introduction of the new class of adviser.
The Financial Services Minister – in his National Press Club address last week outlining the Government’s response to the Shield and First Guardian Master Fund issue – confirmed the introduction of the new class of adviser would be included in the next tranche of the Delivering Better Financial Outcomes legislation.
In a departure from the initial announcement, however, which would have given access to other areas of the sector such as banks and AFSL groups, Minister Mulino declared the NCA, when legislated, would be restricted only to life companies and (APRA-regulated) super funds.
Ten months ago, in what was admittedly a different poll question, six in ten Riskinfo readers said they didn’t support the introduction of the NCA at all (see: Jury Still Out…):
Fast forward to today, where the question – instead of whether or not you support the NCA at all – has now become one which asks whether, given it will happen, you agree that ithe NCA should be restricted only to life companies and super funds.
Various industry interests have already had their say on the Government’s package of reforms including the restricted rollout of the NCA (see: Industry Reacts…), and it’s time to now add your voice to the conversation. Tell us what you think and we’ll report back next week…
