quality of advice review

Financial planning

FPA calls for update to tax status of advice fees

All financial advice should be tax-deductible to improve the advice gap, according to the Financial Planning Association of Australia’s submission to the Quality of Advic...

Superannuation

SoAs ineffective at engaging consumers: ASFA

The cost of providing a Statement of Advice to superannuation fund members is thousands of dollars more than for a Record of Advice, according to ASFA, and consumers find...

Editorial

The unintended toll of the Royal Commission

It is no secret that the Royal Commission has impacted advisers but research has highlighted the severe toll it has taken on their health....

Financial planning

AFA outlines ways regulatory uncertainty can be reduced

The Association of Financial Advisers has outlined the key levers it will be targeting to reduce regulatory uncertainty in its submission to the Quality of Advice Review....

Financial planning

Light-touch regulation needed for advice profession: FSC

Advice should be treated with the respect given to doctors or lawyers as the industry has successfully improved itself to become a profession, according to Financial Serv...

Expert Analysis

Does general advice play a role in supporting consumers?

General advice may help you reach a broader audience, but personal advice provides a better way to meet client needs and manage compliance risk, writes Steve Davison....

Editorial

Have we seen it all before?

This month’s announcement of the terms of reference for the Quality of Advice Review elicit a certain element of deja’vu among advisers....

Features

InFocus: 2022: The financial advice redesign is underway

2022 is set to have less compliance and regulatory activity, writes Zach Castles, leaving advisers with more time to focus on helping consumers and improving their busine...

Financial planning

New advice direction needs to start now: FSC

The Financial Services Council is hoping the Quality of Advice review will chart the course to end two decades of regulatory encroachment on the advice industry....

Financial planning

Consultation opens on Quality of Advice terms of reference

The Government has opened consultation on its draft terms of reference for next year’s Quality of Advice Review. ...

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 ...