In this article Dan discusses the issue of product suitability and the potential end of the safe harbour provisions as an outcome of the Haynes Royal Commission. In practice this means advisers will need to carry a higher burden of proof that the products they recommend are truly aligned with their clients’ needs. This will likely involve more advisers adapting a goals based advice approach going forward, with a heavier reliance on AdviceTech.
Portfolio Insights February 2019 – Product Suitability
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