1. There has been an increasing demand for financial planning advice across the Australian population over time because. Select one.

a. An aging population has meant more Australians require advice with regard to their retirement needs.

b. All answers are correct

c. The ever-changing and increasing complexity of government rules around taxation, social security and superannuation.

d. The compulsory superannuation guarantee has meant more Australians have retirement savings that need to be properly managed to maximize the benefits in retirement.

2. Which of the following regulator is the key direct regulator of the financial advisory industry?

a. Australian Securities and Investments Commission

b. Australian Prudential Regulation Authority

c. Australian Competition and Consumer Commission

d. Financial Planning Association of Australia

e. Australian Stock Exchange