In this episode of the ifa Show, host Keith Ford is joined by Nathan Fradley of Fradley Advice to take a look at all of the big topics that are impacting the financial advice profession, from AI and data security to AML/CTF and the CSLR.

Nathan breaks down why AI is both a powerful tool and worthy of some scepticism, how some of the change flowing through the sector is going to change the way that advisers work with their clients, and whether the Delivering Better Financial Outcomes reforms will improve how the profession operates.

Tune in to hear:

• Why data security is a vital consideration despite some links in the chain falling short.
• Whether there is any way to fix the Compensation Scheme of Last Resort to serve its intended purpose.
• Why, despite cost, levies and reform fatigue, financial advice is still a great career.

In this episode of the ifa Show, host Keith Ford speaks with Charlotte O'Meara, general manager of Falcon Financial Advisers, about her move away from her former role as head of responsible investment at Challenger to running an advice practice.

Charlotte unpacks the differences between being on the product provider side of the financial services sector and the advice side, how her understanding of client needs has evolved, and the expertise she can transfer across.

Tune in to hear:

• How Falcon is planning to accelerate its growth strategy with the "Falcon engine".
• What the biggest challenges of shifting to a whole new side of the industry are.
• How the firm is applying better processes, technology, and structured pathways for the next generation of advisers.

In this episode of the ifa Show, host Keith Ford speaks with FAAA general manager of policy, advocacy and standards Phil Anderson about the spate of consultations that the government is undertaking in the financial advice space.

Phil breaks down what is in the education reform proposal, the options put forward to deal with the Compensation Scheme of Last Resort (CSLR) cost blow out, as well as the potential action on superannuation switching and lead generation in the wake of the Shield and First Guardian scandal.

Tune in to hear:

• Why the FAAA supports more a flexible pathway for prospective financial advisers.
• What the CSLR consultation gets right – and what it gets wrong.
• Whether any of the potential changes to super and lead generation would have actually helped avoid a fund failure disaster.