Industry to go paperless?
The Australian Securities and Investments Commission (ASIC) has given the green light to financial services businesses to provide customers with information in digital form.
The corporate body is now giving businesses the go-ahead, to send customers information in electronic form, rather than printing and mailing it.
ASIC Deputy Chair, Peter Kell said the body is urging industry to adopt digitisation and use more engaging forms to boost consumers understanding of financial services and products.
Kell said, the changes under the ePayments Code will ensure that all information is send digitally "as the default option" and that choice will be reserved if consumers wish to receive paper.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
