Weekly Wrap: Regulation, tax and facts

Two of our stories this week have dealt with this, with comments from the Professional Advisers Association and the Investment and Insurance Advisers Association.

Today's story reports that the ISI is seeking a legal opinion on part of the changes. As the bill is written, advisers won't have to disclose commissions when selling term life.

Earlier in the week PAA chief executive Dave McMillan gave his view on the bill, particularly around what the likely impact is on competition in the advisory industry. He suggests some of the changes don't really make sense.

One of the other areas of change is tax. This morning the government has released a new set of ideas around the taxation treatment of life insurance. Click here to find out what is on the agenda.