quality of advice review

Financial planning

Licensees hopeful of lower PI insurance with safe harbour change

Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs, a joint submission by seven major licensees said....

Financial planning

FSC warns on ‘chilling effect’ of advice deduction legislation

Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trust...

Financial planning

The need for a unified voice between product and advice

Sharing his reasoning in joining the FSC board, WT Financial managing director, Keith Cullen, believes “product and advice cannot be separated” from each other in the cur...

Financial planning

JAWG calls for ‘urgent changes’ to fix QAR legislation

The Joint Associations Working Group has issued a statement urging the government to fix the Quality of Advice Review legislation to prevent an “unworkable” path forward....

Financial planning

‘No closed doors’: Abood reflects on first year of FAAA

One year since the FPA and AFA merged, Money Management speaks with FAAA chief executive Sarah Abood on what the combined organisation’s advocacy has accomplished....

Financial planning

Liberal senator hits out at excessive financial advice costs

Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running ...

Financial planning

FAAA warns of ‘significant extra work’ from QAR fee change

FAAA chief executive, Sarah Abood, has warned changes in the first tranche of the QAR legislation around advice fees documentation could create more work for advisers rat...

Financial planning

FSC warns of missed opportunity risk in QAR legislation

Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce reg...

Financial planning

100 days on from the final QAR response

What has happened in the financial advice space over the 100 days since Minister for Financial Services, Stephen Jones, announced the government’s final response to the Q...

Financial planning

Count forecasts limited advisers as pipeline for future business growth

Count chief executive, Hugh Humphrey, believes limited advisers providing advice at super funds and banks will benefit the firm’s business model by creating a new breed o...

Financial planning

FAAA’s Abood optimistic for ‘regulatory clarity’ in 2024

Sarah Abood, chief executive of the FAAA, believes 2024 will be the year that meaningful regulatory changes are clarified and delivered by regulators to the financial adv...

Financial planning

5 years of the Hayne RC: Reflecting on a ‘baptism of fire’

Wealth Data’s Colin Williams and the Financial Services Council’s CEO Blake Briggs are among industry commentators who have shared their insights into the impact of the H...

Financial planning

5 years of the Hayne RC: FAAA’s Abood on whether banks will ever return to advice

On the five-year anniversary of the Hayne royal commission, FAAA chief executive Sarah Abood believes it will be a “tragedy” if the industry reverts back and shares her v...

Financial planning

Unadvised Australians ‘oblivious’ to advice benefits: CFS

With more than one in three consumers unable to identify a single benefit of financial advice, the industry has been urged to better articulate the positive impact of see...

Policy & Regulation

Governance body hits out at ‘ad hoc’ reform proposals

A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes ...