AFA

Policy & Regulation

AFA ‘harbours concern’ over Better Advice legislation

The Association Financial Advisers will use the Quality of Advice review to push for tweaks to the single disciplinary body and the mechanism for registration to the Tax ...

Financial planning

Advisers need to differentiate themselves

Like with online dating, advisers need to differentiate themselves to attract their chosen target market and avoid being judged only on fees, according to an adviser....

Policy & Regulation

Consumer groups join industries bodies in CSLR opposition

Eight consumer groups have united with eight industry bodies in opposition to the compensation scheme of last resort (CSLR) legislation in its current form....

Financial planning

Financial advice becoming ‘recognised’ as a profession: FASEA

A professional year entrant says they were blown away to learn hairdressing used to require more training than advice as the standards authority says the industry is now ...

Policy & Regulation

Still issues with single disciplinary body legislation

The draft legislation for the Better Advice Bill has outlined the Financial Services and Credit Panel will convene on serious matters, but the Association of Financial Ad...

Financial planning

Advisers stuck in the ‘old world’ of financial advice

Advisers need to step up and deliver financial advice in the same way that consumers are interacting with their finances....

Financial planning

YFYS an opportunity to show adviser value

Advisers will have the opportunity to show their value as the performance test will be a catalyst for member engagement....

Financial planning

Robo-advice should excite advisers: Hume

Robo-advice is the future of financial advice and can create a “fantastic” pipeline of clients for full-service advice, according to Jane Hume. ...

Financial planning

ASIC to take ‘practical’ and ‘reasonable’ approach to disciplinary body

The corporate regulator also expects its focus on financial advisers to decline and looks to provide better examples of records of advice to decrease the compliance burde...

Financial planning

Ignoring advisers’ prior learning an ‘immense waste’: Opposition

Failure to recognise advisers’ prior learning is a waste of resources, according to Labor’s Stephen Jones. ...

Financial planning

The ‘pincer movement’ for financial advisers

Advisers are being threatened by both increasing regulation and higher educational standards, with the Association of Financial Advisers calling for a “regulatory reset”....

Financial planning

Improve business efficiencies before looking at fees

Before changing fee structures, there is plenty advisers can do to improve profit by fixing business efficiencies, according to a panel....

Financial planning

How many advisers support associations?

Under 40% of financial advisers are members of the largest professional body representing financial planners in Australia, according to data....

Financial planning

DDO changes to remove nil complaint requirement

The Government is seeking to make amendments to the design and distribution obligation regime including removing the requirement for advisers and licensees to report whet...

Financial planning

How the AFA spends its cash

Around 12% of the association’s expenditures in FY21 has been on advocacy of financial advice which has been a “huge undertaking” due to overwhelming regulatory reform me...