Workplace super questions robo-advice
Workplace super specialists have started questioning the role of robo-advice in the workplace and whether it was a threat or an opportunity, according to the Workplace Super Specialists Association (WSSA).
WSSA chief executive, Douglas Latto, said things were moving rapidly in a space that has traditionally been the domain of the workplace super specialist.
"The question being asked by many of our members is whether it will replace our tried and tested model, or whether it will enhance it," Latto said.
The comments come ahead of WSSA's inaugural conference in Sydney this week, with a panel discussion on robo-advice, with head of marketing at Decimal, Joanna McCarthy, and founder and managing director of FinDigital, Ian Dunbar, featured in the panel discussion.
Strategic development CBA Wealth Management executive manager, Ben Grauer, and strategic advice leader, financial advice of Mercer, Richard Ebbs, will also join the panel discussion.
AUTHOR
Malavika Santhebennur
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
