He says this calls for a detailed analysis of all the activities that need to take place and then an assessment as to whether each of those steps are adding value for the consumer outcome, or if they are simply non value-adding, unnecessary bureaucratic processes.<\/p>\n Also, he asked, what’s the opportunity for improvement?<\/p>\n He says the factfind part of the process is essential “…but how much can we do to improve that, how can we fundamentally change that? We want this review to be looking at this from a blue sky perspective.”<\/p>\n He asked, what if it was possible for a client to come into an office and press a button, with the client’s consent, and the adviser has all their factfind information in front of them.<\/p>\n “What if you had all of the facts to start with?” What if the adviser could then work through all the different scenarios with the client.<\/p>\n Anderson said advisers may ask how is this possible, technologically and from a regulatory sense, “…but that is why this exercise needs to look at how we can make a quantum leap in improving the regime that we have in front of us.”<\/p>\n Anderson told the briefing that AFA\u2019s primary objectives from the review were to:<\/p>\n He said the association appreciated that there is no single silver bullet and real change will only come with a comprehensive package of measures.<\/p>\n \u201cWe also need to appreciate that politicians will be reluctant, in the absence of clear evidence, to reduce consumer protections. Our goal is to get as many of the high priority initiatives across the line as possible.”<\/p>\n Anderson said in the AFA\u2019s view the key drivers of achieving these objectives are:<\/p>\n![\"\"](\"https:\/\/riskinfo.com.au\/news\/files\/2022\/01\/Phil-Anderson-v3-e1641287135863.jpg\")
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