First State Investments' Rob Adams takes a look at how Australia adapted to changes within the industry and explains what his UK counterparts can learn from his country's experience
What we all know is that the change that is going to occur here in the UK in the next two years to the way IFAs work will exceed the change you have seen over the last 20 years. And is Australia relevant to this change? Well, the simple answer is yes, it is. It is relevant. We have a market in Australia that has over the last 10 years changed dramatically. It has gone through radical natural evolution. It hasn't taken regulators to make decisions and tell advisers how to run their business. It has been change driven largely from within combined with a range of circumstances that has l...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
