Expect increased video SOA uptake post-QAR

MYMAVINS fourth line statements of advice video quality of advice review

Industry experts are expectant of video statements of advice gaining in popularity as the Quality of Advice Review loosens rules on what advice documentation should look like.

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Former Lonsec CIO joins global asset manager

fidelity lonsec ING Australia

Former Lonsec chief investment officer, Lukasz de Pourbaix, has joined asset manager Fidelity International.

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Education providers set to lose over $50m from experience pathway

education university experience pathway

The experience pathway could mean tens of millions of dollars in losses for education providers, according to government forecasts.

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How many advisers passed the May exam?

ASIC exam FASEA

ASIC has released the pass mark for this year’s May financial adviser exam with almost three-quarters of candidates sitting for the first time.

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abrdn’s ‘bloody frustrating’ digital advice battle

digital advice abrdn quality of advice review ASIC

EXCLUSIVE A lack of regulatory confirmation is making it difficult for firms to move into the digital advice space, according to abrdn, and changes under Quality of Advice Review this week won’t yet lead to real progress.

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JAWG meets with Jones to discuss QAR implementation

jawg QAR quality of advice review

The Joint Associations Working Group has met with Minister for Financial Services, Stephen Jones, in Canberra to work together on the response to the Quality of Advice Review.

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Why did government exclude sunset clause from experience pathway?

experience pathway treasury Stephen Jones sunset

The government has clarified details on why a sunset clause is excluded from experience pathway legislation, introduced to the House of Representatives this week, despite industry pushback during the consultation period.

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QAR measures to ease advisers’ burden

quality of advice review QAR viridian the advisers association smsf association FSC Midwinter

According to advisers, the decision to streamline ongoing document requirements following the Quality of Advice Review will alleviate much of the red tape involved in the profession.

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Perth adviser faces court for allegedly stealing $1m from clients

Gavin Fineff ASIC gambling

A Western Australian financial adviser is on trial for allegedly stealing $1 million from the superannuation accounts of eight clients to fund his gambling habit.

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OnePath Custodians receives $1.4m fine from APRA

OnePath mysuper APRA

OnePath Custodians has been fined $1.46 million for failing to direct 125 member contributions to a MySuper product.

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MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

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This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

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