licensees

Financial planning

Strong gains in provisional advisers following exam

There has been the highest number of provisional advisers joining the industry since September with double-digit advisers joining following the results of the November ad...

Financial planning

Reporting of other licensees excluded from breach data

Questions have been raised why reporting by other licensees was excluded from the regulator’s first breach publication and whether it is taking place....

Financial planning

Ex-bankers choose boutique licensees

Former bank-licensed advisers have opted to move to privately-owned licensees, with a preference for boutiques, according to Adviser Ratings....

Financial planning

More small licensees to be closed down

Small licensees are further expected to close in the coming weeks with the number of advisers expected to reach between 15,000 and 16,000 this year, according to Wealth D...

Financial planning

Are part-time licences the key to retaining talent?

More licensee groups offering different licences for part-time advisers might help retain talent, especially those who want to balance work/family commitments, including ...

Financial planning

Stop prioritising compliance over client needs says SMSF Association

The current regulatory regime around financial planning is driving up costs by prioritising compliance and the needs of licensees over those of consumers, according to th...

Financial planning

ASIC’s adviser reference-checking protocols potentially ‘prejudicial’

Financial advisers could be placed at risk of retribution when switching licensees under the reference checking protocols being put forward by the Australian Securities a...

Financial planning

Advisers' businesses unsustainable if only looking for cheap licensees

Advisers need to be confident that a prospective licensee will be around in the future if they are looking for a discounted licensee, according to a panel....

Financial planning

FPA's half a million reasons to restore licensee relationships

The Financial Planning Association’s proposals for adviser registration to replace licensee authorisations has caused consternation among some licensees, but the FPA has ...

Financial planning

Licensees face stronger obligations to notify clients of bad advice

Affected clients will be among the first to know when licenses detect advisers who have done the wrong thing under new legislation to go before Parliament....

Financial planning

ASIC provides advisers a best interests break on DDO

The Australian Securities and Investments Commission will regard personal advice entailing client best interests as obviating many of the adviser strictures of the new de...

Financial planning

Licensees face potential court action of FDS failures

The Australian Securities and Investments Commission has foreshadowed court action in the wake of a review of fee disclosure statements and renewal notices which uncovere...

Policy & Regulation

AFS licensees could be breaking overseas laws

Australian financial services licensees that offer over-the-counter derivatives to retail investors overseas might be breaking overseas laws....

Policy & Regulation

Planning licensees amongst biggest ASIC funders

The new industry funding model for the Australian Securities and Investments Commission will see financial planning licensees and credit providers carrying some of the gr...

Financial planning

Licensees at centre of FASEA CPD regime

Licensees will be responsible for approving 70 per cent of the continuing professional development hours undertaken by advisers under the new Financial Adviser Standards ...