*Editor’s note: This podcast was recorded prior to a report that the changes are now on pause until the federal election expected to be held in May next year.

The 22-year-old wholesale investor tests are up for review, and this can have several implications for investors and product providers.

Jesse Hamilton, the chief financial officer of Wilson Asset Management, explains why the tests are 'crude tool' and suggests how they can be fairer for both retail and wholesale investors.