The Financial Services Council is seeking feedback on ways to improve the advice licensing framework.

In a green paper, it outlines the shape of the advice sector, the licensing structures that support it and proposals for consideration. 

One proposal involves a recalibrated licensing regime that responds to company diversity, and another involves financial resource requirements that adequately protect consumers.

“With the government’s advice reforms already well advanced, the next step is ensuring the licensing framework continues to support a professional, sustainable and trusted industry across all business sizes,” FSC CEO Blake Briggs said.

See the paper here. Send submissions to financialadvice@fsc.org.au by November 21.