TAA

Financial planning

Is the experience pathway overcomplicating advice?

Distinctions between “experienced” and “relevant” advice providers could lead to further confusion, according to The Advisers Association’s CEO, Neil Macdonald....

Financial planning

TAA warns of ‘back to the future’ return to vertical integration

The Advisers Association believes Australia runs the risk of a “back to the future” scenario that served it poorly in the past unless guardrails are put in place on non-r...

Financial planning

Should advisers and finfluencers have the same regulation?

The Advisers Association says it is “extremely unfair” that well-qualified, experienced, professional advisers have to go through more hoops than finfluencers to provide ...

Financial planning

Two financial planning member organisations to merge

The Authorised Representatives Association will merge with The Advisers Association on 1 July, 2022, after its members voted to close the 40-year old association....

Financial planning

CSLR - is the cure worse than the disease?

The post-election Government will need to ensure the Compensation Scheme of Last Resort does not cost more to run than the amounts of compensation involved, according to ...

Financial planning

ALRC needs to ‘tread carefully’ with simplifying Corporations Act: TAA

The Advisers Association says the Australian Law Reform Commission needs to “tread carefully” with simplifying the Corporations Act and continue to conduct wide-ranging c...

Financial planning

Financial advice needs modern definition

There is too much emphasis placed on financial products which does not adequately reflect the role of a financial adviser, according to The Advisers Association. ...

Financial planning

FSC whitepaper ‘giant leap forward’ for advice: TAA

Simplifying advice costs and tackling the difference between ‘advice’ and ‘general information’ are steps that will be a “giant leap forward” for the advice industry, acc...

Financial planning

Industry exit no excuse to avoid regulatory costs

The ‘big end of town’ which caused the regulatory burden should be forced to pay their share of levy costs, according to The Advisers Association, even if they have left ...

Financial planning

Call to impose an exit fee on big banks to pay ASIC levy

The Advisers Association is calling for the big banks who have exited wealth management to be charged a per-adviser exit tax to help defray the costs of the ASIC levy....

Financial planning

Restrict use of the word ‘advice’ unless that is what it really is

The word ‘advice’ should be extracted from intrafund, general, and robo because they are really just providing information....

Financial planning

Providing simple advice simply will reduce cost

Removing the term ‘general advice’ and renaming intrafund advice and robo-advice to intrafund information and robo information would help reduce the cost of financial adv...