phil anderson

Financial planning

AFA welcomes positive message from Jones

The Association of Financial Advisers says it has received positive signs from the minister for financial services, Stephen Jones, that he is very willing to help fix the...

Financial planning

Prescriptive PY produces problems

Prescriptive Professional Year requirements are hampering the advice industry in a time of declining adviser numbers, say two industry associations....

Financial planning

Experience pathway must be fixed by the election: AFA

The Association of Financial Advisers is calling on the Government to implement the association’s proposed changes to the “experience pathway” before the next election....

Financial planning

Should product providers be mandated to provide independent advice?

There needs to be mechanisms in place to encourage Australians to understand investment risks they are taking and to consider other forms of protection, industry associat...

Financial planning

AFA’s Anderson positive on advice profession

The financial advice profession is seeing a move away from legislation implementation and the Association of Financial Advisers’ new chief executive is hoping this will l...

Financial planning

Adviser losses disappointing but not unexpected

The financial advice industry is finishing the year with a loss of 2,189 advisers, however the worst is yet to come, according to Wealth Data....

Financial planning

Can social media positively impact advice?

Despite the level of misinformation on social media, it can still be a reliable gateway for people to get involved with professional, regulated advice....

Financial planning

ASIC levy relief ‘biggest win’ for 2021

Relief from the corporate regulator levy, which could have tripled in three years without action, is the biggest win for the industry this year, according to the Associat...

Financial planning

FASEA Standard 3 consultation genuine process: AFA

The Association of Financial Advisers has said it believes the education authority’s consultation on amending Standard 3 of its code of ethics is a genuine exercise and e...

Financial planning

Standard 3 amendment likely to be only change by FASEA

Given the education authority will transfer to Treasury in 2022, amendments to its code of ethics will likely be limited to Standard 3 given it has not indicated consulta...

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

AFA welcomes FSC white paper

The Association of Financial Advisers has welcomed the release of the Financial Services Council white paper that proposed recommendations to reduce the cost and time inv...

Outsider

If an Outsider screams…

Outsider recently found himself screaming at his computer screen while covering the Association of Financial Advisers (AFA) Evolve conference....

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...