Challenges Ahead for Advisers Around the World
As we took a journey through each of the seven countries represented around the table, it quickly became apparent that virtually all other challenges or impediments to an adviser’s personal or business growth were dwarfed by the implementation and/or implications of, the various reform agendas currently sweeping the global financial services sector.
As this discussion developed, there emerged a sense that, whatever reforms are happening in your part of the world have either already been implemented elsewhere, are in transition now, or are slated to be rolled out in future.
What we did learn, though, is that some countries appear to be doing it better than others – at least from the perspective of our panellists – when it comes to finding a balance between serving and protecting the best interests of the consumer and implementing higher benchmark standards for advisers that will still enable them to build a successful business and deliver much-needed advice to those who need it most.
This Round Table report summarises and compares the impact of regulatory reforms across New Zealand, Australia, South Africa, Unites States, Canada, United Kingdom, and Greece (representing EuroZone countries).
While our panellists were only experts on what’s happening in their own country, it was still possible for conclusions to be drawn – and they were – around which countries our panellists think are approaching and implementing financial services regulatory reform with a balanced hand on the tiller…