In this episode, Financial Services Online explores calls for swift reforms in the Financial Advice sector, particularly in areas like superannuation. There's growing concern over elevated compensation levies and pending issues such as adviser classifications. The episode also uncovers that the levy on superannuation funds has risen by 147 percent in the last ten years, drawing concern from the Association of Superannuation Funds of Australia. Investors are turning to commercial real estate debt for income opportunities, seeking to diversify portfolios with funds offering over 8% annual returns. Lastly, the Insurance Brokers Code Compliance Committee brings to light proposed significant reforms in the insurance industry for increased protection of small business clients and enhanced industry transparency.n
