Judith Fox

Financial planning

Adviser exam unlikely to see improvements

ASIC chair, Joe Longo, has told advisers there is little the corporate regulator can do to improve the financial adviser exam, despite negative feedback from candidates....

Financial planning

SIAA name change to highlight breadth of profession

The name change decision by the Stockbrokers and Financial Advisers Association was about highlighting the profession rather than a decision to distance itself from the a...

Financial planning

SAFAA drops ‘financial adviser’ name

The organisation would now be known as the Stockbrokers and Investment Advisers Association as not all of its members provided financial advice....

Financial planning

The AFSL regime should not be 'one size fits all'

The Stockbrokers and Financial Advisers Association (SAFAA) has urged the Australian Law Reform Commission (ALRC) to consider stockbrokers as distinct from financial plan...

Financial planning

Extra costs likely if wholesale test amendments go ahead: SAFAA

Advisers who have moved away from servicing retail clients could struggle and require further costs and education if a move goes ahead to reclassify wholesale investors, ...

Financial planning

Wholesale investors should be excluded from CSLR

Extending the Compensation Scheme of Last Resort to wholesale investors could open up ‘gaming’ of the system by those who could afford court costs, according to the Stock...

Financial planning

Education pathways ‘common sense’: SAFAA

The financial advice industry needs to keep experienced advisers to mentor the next generation, especially when there is a market crash, and to curb clients being orphane...

Financial planning

Why Zoom will never beat face-to-face advice

While the digitalisation of advice has improved access drastically, particularly during the COVID-19 pandemic, there is a limit to how much Zoom can be relied on....

Financial planning

Hume wrong not to regulate finfluencers: SAFAA

The Government should be regulating finfluencers and they are not the same as getting advice from a taxi driver or guy “at the pub”, according to the Stockbrokers and Fin...

Financial planning

Remove Standard 6 from code: SAFAA

In its submission on the wording of Standard 3, the Stockbrokers and Financial Advisers Association has taken aim at Standard 6 which, it says, needs to be removed before...

Financial planning

ASIC report on ASX welcomed by SAFAA

The Stockbrokers and Financial Advisers Association has welcomed the report that led to the corporate regulator putting additional licence conditions on the Australian Se...

Financial planning

Don’t shut first-time investors out of advice: SAFAA

First-time investors currently sourcing information from social media should not be shut out of receiving financial advice in the future as a result of public policy. ...

Policy & Regulation

ASIC levy relief welcomed

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...

Policy & Regulation

Ambiguity remains over SDB: SAFAA

There is a lack of clarity for when a disciplinary panel will be called and an association believes it should not be called for a breach of Standard 3 or 6, and that writ...

Financial planning

SAFAA welcomes ASIC reform approach

The Stockbrokers and Financial Advisers Association has welcomed the announcement from the corporate regulator regarding its “reasonable approach” in the early stage of t...