Record of Advice

Financial planning

After an adviser received a warning from the FSCP about their Record of Advice usage, when is the correct time for it to be used with clients?...

Financial planning

FSCP warns adviser over ROA usage

The difference between a Record of Advice and Statement of Advice is the crux of the FSCP’s latest determination against a relevant provider. ...

Financial planning

FASEA approves ASIC guidance on COVID-19 relief ROAs

The corporate regulator has released guidance on how advisers should be giving records of advice provided under the temporary COVID-19 relief measure....

Financial planning

ASIC extends ROA measure

The relief measure allowing advisers to provide a record of advice rather than a statement of advice to clients that needed advice due to the impact of COVID-19 has been ...

Financial planning

Should ASIC provide a templated RoA to reduce advice costs?

The cost of delivering advice could be reduced for both advisers and superannuation funds if the Australian Securities and Investments Commission delivered a templated re...

Financial planning

FSC pushes scaled advice model minus SOA requirement

The Financial Services Council is pushing a scaled advice model to help offset the exodus of advisers....

People & Products

BT Panorama FUA up 65%

Almost six months after BT Financial Group revamped its pricing structure for BT Panorama, the company has announced that the platform has reached $13 billion in funds un...