RoA

Financial planning

Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures ...

Financial planning

ASIC releases ROA guidance and examples

Clarity and certainty has been given around when records of advice can be used instead of a statement of advice....

Policy & Regulation

ASIC extends temporary financial advice COVID-19 relief measures

The record of advice relief measure is extended to April 2022, as well as the “time critical” relief measure that gave financial advisers additional time to give their cl...

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

ASIC considers regulatory relief for limited advice ROAs

Responding to adviser submissions, the Australian Securities and Investments Commission has confirmed it is considering providing regulatory relief so that advisers can p...

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

Key super funds back ROA advice model

Superannuation funds would be able to deliver advice around the questions most asked by members via a record of advice under a proposal being backed by the Association of...

Financial planning

Early super access ROA now digital

The FPA has partnered with three fintech providers to allow advisers provide early super advice more efficiently....

Financial planning

Industry groups create ROA template for early super access

FPA, SMSFA, CA ANZ, CPA Australia and IPA financial adviser and registered tax agent members have been provided a template record of advice for clients looking to access ...

Financial planning

Colonial First’s RoA enhancements increase adviser usage

Colonial First State’s record of advice (RoA) enhancements has helped drive a 10 per cent jump in adviser usage....