From financialnewswire.com.au: The Financial Advice Association of Australia argues that retirement planning advice is inherently complex and expensive, and should not be delivered through a collectively charged model by superannuation funds.

The FAAA advocates for the involvement of fully qualified financial advisers to manage this complexity, especially amidst the government’s aim to make financial advice more accessible via superannuation.

The government’s Delivering Better Financial Outcomes legislation seeks to blur the lines between simple and complex advice, which has raised concerns within the financial advice profession regarding the regulation and appropriateness of intra-fund advice.