[The Wrap] Conduct wheels spinning
He acknowledged, at the Get in Shape Advice Summit, that he had heard "loud and clear" that a lot of change had been forced on the sector.
While financial adviser licensing is a biggie, so too is the conduct legislation which passed through its first reading in Parliament.
Judging from the way the Government is dealing with this piece of legislation they will try to process it urgently; even getting it passed before the election in September. This will be a big ask; especially as it appears the National Party aren't necessarily on the same page.
This is very different to what is now the Financial Services Legislation Amendment Act, as it was a National bill, Labour picked it up after winning the election and there was unanimous support for it across the parties.
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