As the clock counts down to the deadline for the government’s Quality of Advice Review, new CoreData research shows there’s a high level of scepticism among financial advisers about whether the review will achieve the aims set out for it.

CoreData’s latest quarterly Adviser Pulse Check Survey shows that a significant majority (83 per cent) of advisers are not confident at all or not very confident that the review will improve the quality of advice.

But frankly, the quality of financial advice has never really been the major issue holding the profession back, despite the name given to the latest in a long line of reviews. The more pressing issues are the accessibility and affordability of advice. Both these things have taken a downturn as the cost of advice has continued to escalate.