MIRANDA BROWNLEE, AccountantsDaily.
The corporate regulator has announced its support for the robo-advice industry, describing it as a “positive market development”, and will finalise a regulatory guide for the market in coming weeks.
ASIC technical adviser to the deputy chair, Kate Metz, said ASIC was supportive of the digital advice industry in Australia, especially in terms of reaching the 80 per cent of the market that are currently unable to access advice.
“Our view is that the law is technology-neutral, there’s no reason why you can’t offer digital advice,” Ms Metz told accountants at the CPA National SMSF Conference. More >>>