Post by DASH

The shift of superannuation toward retail platforms is increasingly being driven by advice needs, flexibility, and client experience - not simply investment performance, says Darren Pettiona on ausbiz this week. Driving the shift towards retail platforms is the need for more complex and tailored strategies as Australians edge towards retirement. Darren explains the historical fee gap between industry and retail solutions has narrowed significantly, while the growing complexity and cost of regulation continues to make comprehensive advice harder to deliver at scale, particularly for lower-balance Australians. Positively, AI and digital advice solutions have the potential to reduce the cost to serve for advisers by improving efficiency and expanding access to financial guidance for more Australians. We can't forget the importance of legislative reform, particularly changes that would allow more practical and appropriately scoped advice by narrowing current “know your client” obligations where suitable. You can view the full interview here: https://lnkd.in/g5-VxKYD