The Financial Planning Association and other members of the Joint Associations Working Group (JAWG) are starting research soon to determine the cost of providing advice as part of their submission to the Quality of Advice Review.

JAWG is partnering CoreData Research to conduct the exercise, with a survey set for next week.

“The Joint Associations Working Group is working with CoreData to get in-depth feedback from financial planners on the true cost of providing advice, as part of our submission to the Quality of Advice review,” a statement from the group says.

“The cost of advice is a key issue that the [Quality of Advice Review] has the opportunity to address, and our research is designed to get detailed information on what effect each piece of legislation, regulation and licensee obligation, and the like, has on the cost of providing advice to Australians.

“We’re encouraging all licensees and practices to take part in the survey which is taking place over the course of the next week.”