The Australian Securities and Investments Commission (Asic) has launched its financial advice hub for advisers.
This comes after industry feedback during a consultation launched in 2020 found that advisers wanted more guidance around regulation it rolls out in the advice sector.
The hub on Asic’s website will give advisers access to guidance and information surrounding financial advice regulation.
The webpage is just one in a range of initiatives that Asic has scheduled for release in response “to calls to better assist advice licensees and advisers in their efforts to provide good-quality and affordable personal advice to consumers”, the regulator said in a statement.
It added: “Asic anticipates that these new initiatives can help industry participants reduce compliance costs and deliver personal advice more efficiently and effectively.
“For consumers, this means improved access to affordable personal advice that better meets their needs and financial objectives.
“In developing these initiatives, Asic received timely and constructive feedback from the financial advice industry. We will continue to engage with industry on initiatives to assist them with providing good quality and affordable advice to consumers as resources permit.”