News: intelliflo launches fee consent screen to reduce adviser admin, reinforce its agile approach to DBFO reforms

intelliflo, the global cloud-based technology solution for financial advisers, has released a dedicated fee consent screen to give advisers enhanced oversight and fee tracking abilities, while further showcasing its commitment to developing solutions that meet evolving regulatory changes in the Australian advice market.

The dedicated fee consent screen gives intelliflo office users a new, streamlined way of managing ongoing fee arrangement (OFA) renewals and consents with their client book, significantly reducing advisers’ administrative time spent chasing documentation.

The launch follows the release of two other dedicated templates – ongoing fee arrangement (OFA) and ongoing fee arrangement (OFA) renewal – which were added to the intelliflo office base account earlier this year.

Collectively, these enhancements recognise advisers are seeking streamlined paperwork following tranche one changes from the Delivering Better Financial Advice Outcomes (DBFO) legislation. The updated legislation removes the need for advisers to provide ongoing fee arrangement statements as part of an OFA arrangement.