Kathy Vincent, BT's General Manager Platforms, Investments & Operations explains how Australian advisers have rapidly adapted to the impacts of COVID-19, including how technology has transformed and enhanced behaviours and relationships between advisers and clients.

As the FSC gears up for the launch of the Future of Advice Report later in the year, industry leader Allison Dummett from Matrix Planning shared her thoughts on the current market conditions in the wake of COVID-19. Here in Part One, Allison discusses the role of financial advice for everyday Australians.

Welcome to Issue 33 of the FSC Policy Update – a fortnightly member briefing on the main legislative and regulatory changes across the financial services industry.  The Government’s announcements of six-month deferrals to the incoming Royal Commission measures and the Design and Distribution Obligation (DDO) regime due to the COVID-19 disruption, were both welcome. Also welcome was the passing of the Government’s new law enabling permanent Capital Gains Tax (CGT) rollover relief for superannuation fund mergers.

OPINION PIECE - by Sally Loane, Chief Executive Officer

 By Blake Briggs, Deputy Chief Executive Officer

OPINION PIECE - by Bianca Richardson, Senior Policy Manager – Investments and Global Markets and Vincent So, Policy Manager, Investments and Global Markets

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