phil anderson

Financial planning

Advisers worried about the cost of the single disciplinary body

The Federal Government faces strong lobbying from financial planning organisations to ensure that the new single disciplinary body does not become yet another impost on a...

Financial planning

Salaried advisers and the lack of client ownership

Salaried advisers may have fewer administrative headaches when compared to their self-employed counterparts but, ultimately, they do not legally own their clients. ...

Financial planning

Will ASIC's adviser breach regime overwhelm its own resources?

The increased volume of reports generated from upcoming changes to the Australian Securities and Investments Commissions new breach reporting regime runs the risk of over...

Features

Where do we go from here?

There was support for increased standards in the financial advice industry, Chris Dastoor writes, but any goodwill was destroyed by FASEA in just a few years. Where did i...

Financial planning

Regulatory costs likely to go up: AFA

The loss of funding for regulatory bodies from the big institutions will still need to be covered by those left in the industry, as the corporate regulator relies on cost...

Financial planning

Is the ASIC affordable advice review just the first step?

Will the Government initiate an independent review of the legislation and regulation around financial planning based on the findings of the current Australian Securities ...

Financial planning

Central message to ASIC: Give us regulatory consistency

Regulatory consistency represents one of the keys to financial advisers being able to deliver affordable advice according to key submissions filed with the Australian Sec...

Financial planning

Warning that licensees face breach-reporting overload

The Government is being urged to provide regulatory clarity around the new breach reporting legislation which it is feared will radically increase what are deemed to be r...

Financial planning

Licensees cautious amid continuing FASEA code uncertainty

Financial planning licensees are urging a highly cautious approach on their planners because of the continuing uncertainty around the Financial Adviser Standards and Ethi...

Life/Risk

ASIC issues notices around LIF review

The Australian Securities and Investments Commission has kicked off the first phase of its review of the Life Insurance Framework with the issuing of Section 33 notices t...

Financial planning

Melbourne advisers need regulatory flexibility around opt-in, now

Faced with at least six weeks of Level 4 lockdown, financial advisers in Melbourne need regulatory relief around opt-in and other key client interactions....

Financial planning

Single regulator advocated for financial planning

The Federal Government should use the creation of a single disciplinary body to create a single regulator and thereby reduce complexity and costs....

Financial planning

Leeway urged on opt-in for locked down clients and advisers

The Government should provide financial advisers with some flexibility with respect to opt-in arrangements as they seek to deal with another round of lockdown, according ...

Financial planning

Costlier degrees another impost for hard-pressed advisers

With the cost of Commerce-related degrees rising by 28% the Association of Financial Advisers is pointing to additional impact on a planning industry already hit by advis...

Financial planning

Parliamentarian references adviser fears of ASIC retribution

A member of a key Parliamentary Committee has queried whether financial planners are too afraid to challenge the Australian Securities and Investments Commission because ...