It might be the year all of us wish to forget, but the consequences of COVID-19 have been defining moments for many – and for advice, 2021 is the year in which the industry charts a new course.

The economist Milton Friedman famously said that in a market economy, ‘there is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.’ 

Climate change. Regulation. COVID-19. Recession. Populism. All these topics and more were tackled by local and international speakers at the FSC’s inaugural Investment Summit this week. 

Christmas is around the corner (sure does not feel like it) but ironically feels premature given the prolonged months of slow activity during 2020 for reasons well-known.

Default super is about to become a whole lot more competitive, but perhaps not in the way many of us imagined. 

Many of Australia’s best and brightest minds in financial services gathered online to help shape the future of financial advice this week. 

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