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Financial planning
Under 40% of financial advisers are members of the largest professional body representing financial planners in Australia, according to data....
Financial planning
The design and distribution obligation does not consider the unnecessary and unworkable record keeping and reporting the regime places on planners, as well as unfairly pa...
Features
While finfluencers are on the rise and targeting younger investors, this presents an opportunity for advisers to help investors separate the information from the noise, w...
Policy & Regulation
Industry bodies have welcomed the Government’s decision to implement a temporary reduction in cost recovery levies for the next two years, as well as a review of the indu...
Financial planning
The two industry bodies are working on a set of requirements to support an industry standard on advice fee consent and arrangements as it believes solutions to fee comple...
Financial planning
The Financial Planning Association of Australia has appointed Marc Olynyk as its new chair of the Financial Planning Education Council....
Policy & Regulation
Eight industry associations say the compensation scheme of last resort will become a “go to” rather than a last resort and excludes product providers from accountability....
Financial planning
Social media influencers taking kickbacks is no different to the ‘bad old days’ of commission, according to one MP, as the regulator cracks down on ‘finfluencers’. ...
Financial planning
A 100-page statement of advice to satisfy lawyers has been branded as ‘absurd’ from a parliamentarian....
Financial planning
As industry organisations face Parliament to argue against rising regulatory levies, the Australian Financial Complaints Authority has praised financial advisers for rece...
Financial planning
The association says the current levy formula is not sustainable and needs to be reviewed immediately....
Features
Advice practices need to put more work into their culture, career structures and salaries if they want to attract and retain what little supply there is of current and fu...
Financial planning
Any wrongdoing by advice providers working outside the licencing regime will see financial planners bear the brunt of their actions, according to an association....
Financial planning
The roles of the adviser and licensee may need to be more clearly defined for the individual adviser registration regime to properly function. ...
Financial planning
Licensees should not be chasing financial advisers on CPD, when they are going to sit the exam, or education, as that is not a hallmark of a recognised profession, accord...
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...