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Compliance woes dog planners

www.investordaily.com

Compliance woes dog planners
But workloads ease for some
By Madeleine Collins
Wed 07 Nov 2007

Fresh data sheds light on the end of a hectic year.

Compliance is still the single most important issue for financial planners despite Federal Government attempts to cut the red tape choking the industry.

Compliance was identified as the single most important issue for 21.8 per cent of the 512 planners surveyed for research house Brandmanagement's latest CoreData adviser sentiment index.

This compared to 24.1 per cent of the 487 involved in the third quarter survey.Compliance is one of the main challenges for around two-thirds of all planners.

However, workloads for some planners have improved in the last quarter of the year, a sign that heavy schedules throughout 2007 may have eased off.

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