In this episode of The ifa Show, host Alex Burke speaks with Blake Briggs, chief executive of the Financial Services Council, about proposals put forward in professional body's recent white paper of the future of advice licensing.

Blake explains the rationale behind the proposals aimed at making advice more sustainable, as well as addressing the industry's response to the $25,000 levy for each Australian Financial Services licensee as proposed by the FSC.

Listen as they discuss:

• What measures could be put in place to enhance compliance and reduce the CSLR costs.

• How the influx in capital is driving consolidation across advice.

• Why it's important for professional associations to work together on advocacy initiatives.

In this episode of the ifa Show, host Alex Burke talks to Challenger's general manager retirement distribution, Adrian Aardoom, about Australia's retirement income system and advisers' role in it.

Adrian discusses the diminishing levels of retirement confidence across the country, the typical flaws in how Australians think about retirement and the ways in which the traditional advice process makes retirement income conversations needlessly difficult.

Tune in to hear:

• The key factors driving the decline in retirement confidence

• What's missing or left out of traditional approaches to retirement modelling

• The ideal time for advisers to introduce the retirement income conversation

In this episode of the ifa Show, host Alex Burke talks to Marshan Consulting director Ben Marshan about AI in advice: where it works, what the risks are and how advisers can use it without running afoul of ASIC or the OAIC.

Ben discusses the rapid evolution of AI tools and the novel risks they introduce, particularly with regards to advisers' privacy obligations. He also explains the principles of responsible AI use recently introduced by the Financial Planning Standards Board and the ASIC letter that stopped him in his tracks.

Tune in to hear:

• Why AI adoption requires thorough testing and ongoing training

• A case study about what not to do when using AI in advice

• What ASIC wants practices to focus on when developing AI policy