[The Wrap] It's time for industry leaders to step up and support advisers

The fallout from the Royal Commission report in Australia continues and it's been fascinating to watch what's happening across the Tasman, particularly from groups representing advisers. 

In the home loan space the MFAA has been exceptional at rallying its troops, fronting media and campaigning against the recommendations presented by Hayne.

It's quite the opposite in New Zealand. In the wake of both the Royal Commission and the FMA/RBNZ report into conduct around life insurance, it's hard to find a voice standing up for advisers.

The one voice which made the most noise was, not unsurprisingly, the Financial Services Council. However, its message was more around fronting for the majority of its members - the life insurance companies.