sdb

Policy & Regulation

Still issues with single disciplinary body legislation

The draft legislation for the Better Advice Bill has outlined the Financial Services and Credit Panel will convene on serious matters, but the Association of Financial Ad...

Financial planning

ASIC to take ‘practical’ and ‘reasonable’ approach to disciplinary body

The corporate regulator also expects its focus on financial advisers to decline and looks to provide better examples of records of advice to decrease the compliance burde...

Policy & Regulation

Ambiguity remains over SDB: SAFAA

There is a lack of clarity for when a disciplinary panel will be called and an association believes it should not be called for a breach of Standard 3 or 6, and that writ...

Financial planning

Cost of FSCP need to be kept under control

The cost of the single disciplinary body needs to be kept under control otherwise it will be another factor in driving up the cost of financial advice, according to indus...

Financial planning

Don’t enforce Standard 3 and 6 until Treasury review

In its submission to Parliament, the Stockbrokers and Financial Advisers Association recommend holding off enforcement of those parts of the code of ethics until it has b...

Financial planning

SDB should only focus on significant issues

Given the proposed Single Disciplinary Body will be funded through the new adviser registration fee and the increase in the corporate regulator’s funding levy, the body s...