Editorial

All eyes will be looking at the compensation scheme of last resort legislation in its final form as it could pass before the end of the year along with what direction the...

Editorial

The need to solve the PY conundrum

Despite new entrants being needed to continue the advice profession, especially with advisers leaving in droves, practices are finding compliance around the professional ...

Editorial

Associations should look to merge as adviser exodus continues

Financial services associations will all have a new look in 2022 but is there a need for so many different ones?...

Editorial

Govt needs to address cost to serve and advice cost mismatch

Research has found advisers are currently unable to cover the cost of producing comprehensive advice despite charging already high fees and the Government needs to create...

Editorial

Why are advisers paying more for the same exam?

Advisers who sit the financial adviser exam under the corporate watchdog will pay almost 60% more than advisers sitting the exam under the current regime and transparency...

Editorial

Is the Government’s inquiry into capital concentration a result of their own doing?

While the Government has called the inquiry “urgent”, what is perhaps more urgent is handling the advice industry given droves of advisers are leaving the industry due to...

Editorial

Govt needs to explain YFYS performance test nuances to members

The ‘pass’ or ‘fail’ mark of a superannuation fund can be construed as a rubber stamp of approval or disapproval from the Government so it is on them, along with super fu...

Editorial

Transparency needed on ASIC unmet needs project

The decision to withhold submissions from its consultation into affordable advice is a contrary move by the corporate regulator when the advice industry has funded the $3...

Editorial

Bodies behind exorbitant advice costs need to be held accountable

Compliance and regulation have been touted as the biggest reasons for the increase in advice costs and the Government needs to hold the bodies responsible accountable for...

Editorial

What was ASIC’s focus on fee-for-no-service all for?

The corporate watchdog has dropped the pursuit of criminal charges relating to AMP Financial Planning’s alleged fee-for-no-service, raising questions on why it was made s...

Editorial

Remaining within the Royal Commission standards’ scope

Any further requirements by the Government for the financial advice sector to lift standards could lead to advisers and potential graduate entrants moving the occupation ...

Editorial

FASEA exam extension a sensible move by Govt

While the extension provides some leeway for advisers who have not passed the Financial Adviser Standards and Ethics Authority exam this year, clarity is needed on whethe...