The Australian Institute of Superannuation Trustees is looking into the not so distant future where the industry will be offering their members with automated advice online or over the phone.
This was posed as a possibility to counter red tape and fraudulent advice. The AIST is looking into regulatory constraints such as product disclosure and how to align advice according to the clients’ personal circumstances. It is expected that consumers will feel skeptical about getting automated advice, but this will ultimately result in quicker results.
Several important issues have to be addressed before this becomes a reality, but for now – nothing beats getting relevant and timely advice from a certified financial planner.
Read more about this on the News.com.au website.
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