{"id":61953,"date":"2022-07-26T23:29:33","date_gmt":"2022-07-26T13:29:33","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=61953"},"modified":"2024-10-30T08:43:40","modified_gmt":"2024-10-29T22:43:40","slug":"latest-poll-level-playing-field-for-simple-advice","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2022\/07\/26\/latest-poll-level-playing-field-for-simple-advice\/","title":{"rendered":"Latest Poll &#8211; Level Playing Field for Simple Advice"},"content":{"rendered":"<div id=\"polls-282\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Financial advisers should have the same regulatory freedoms enjoyed by finfluencers when delivering simple financial information to consumers.<\/strong><\/div><div id=\"polls-282-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Agree <small>(77%)<\/small><div class=\"pollbar\" style=\"width: 77%\" title=\"Agree (77% | 62 Votes)\"><\/div><\/li>\n\t\t<li>Disagree <small>(21%)<\/small><div class=\"pollbar\" style=\"width: 21%\" title=\"Disagree (21% | 17 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(2%)<\/small><div class=\"pollbar\" style=\"width: 2%\" title=\"Not sure (2% | 2 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_282_nonce\" name=\"wp-polls-nonce\" value=\"333b2eb249\" \/>\n<\/div>\n\n<p>The perceived absence of a level playing field around the ability to serve the straight-forward financial information needs of Australians forms the basis of our latest poll.<\/p>\n<p>What has been identified as an inequity that exists between financial advisers and social media influencers has been called out this week by the TAA, which asserts that well-qualified, experienced, professional advisers have to jump through so many more regulatory hoops than finfluencers to provide similar information and education (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2022\/07\/26\/level-playing-field-call-for-simple-advice\/\" target=\"_blank\" rel=\"noopener\">Level Playing Field Call&#8230;<\/a>).<\/p>\n<p>The TAA acknowledges and welcomes the role that finfluencers can and do play in delivering financial information and education\u00a0 &#8211; especially for younger consumers and for those without the financial capacity to afford to pay for financial advice, as long as they adhere to ASIC&#8217;s guidelines. Rather, the association&#8217;s issue rests in the apparent inequality that it says exists in the regulatory burden weighing on the shoulders of qualified advisers in delivering bite-size and simple advice when compared with that required of social media influencers to perform the same task.<\/p>\n<p>Perhaps the outcome of this poll is a &#8216;no-brainer&#8217;, namely that financial advisers and finfluencers should be subject to the same regulatory rigour when delivering simple and straight-forward financial information. But you might see this issue in a different light, and believe there should exist a higher bar that authorised representatives should always be required to meet, even when the value of the service extends only to the provision of simple and straight-forward financial information.<\/p>\n<p>Tell us what you think and we&#8217;ll report back next week&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The perceived absence of a level playing field around the ability to serve the straight-forward financial information needs of Australians forms the basis of our latest poll. What has been identified as an inequity that exists between financial advisers and social media influencers has been called out this week by the TAA, which asserts that [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":61962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3,49],"tags":[],"class_list":{"0":"post-61953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-compliance-regulation","8":"category-general","9":"category-polls"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/61953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=61953"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/61953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/61962"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=61953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=61953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=61953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}