Quality of advice terms confirmed, appoints Levy as Chair
Year after year of growing compliance requirements placed on the financial advice sector likely came to a crescendo with the Financial Services Royal...
Abolish safe harbour, increase wholesale to $5m should be priorities
The Financial Services Council, which represents more than 100 member companies and is the peak body for the corporate financial services sector this week...
Senate inquiry highlights challenge facing advisory market
The Compensation Scheme of Last Resort, or CSLR, has become something of a lightning rod for the finance industry in 2022; and yet we are less than a month...
Dixon Advisory files for voluntary administration
On Wednesday, Dixon Advisory & Superannuation Services, the division of ASX-listed E&P Financial Group (ASX:EP1) that was focused on delivering...
ASIC launches financial advice hub
These days, becoming a financial adviser is no easy feat. Following the banking and financial services Royal Commission, the bar was raised, with higher...
As adviser numbers dwindle, pressure turns to industry funds
As the FASEA exam deadline of 1 January 2022 nears, the significant impacts on the financial advice industry continue to garner headlines. According to...
ALRC seeks to reduce 'undue complexity' in financial services laws
“Undue complexity”. “Byzantine complexity”. “Elephantine proportions”. These are just a few of the superlatives used to...
Industry fund transparency push to level the playing field
There was both despair and positivity when the much-anticipated changes to the transparency of industry super fund proposals was released recently. Both 2020...
Two-stage registration for advisers
The recently passed Better Advice Act is still being filtered through both the regulator and the industry in general, but more specifics are quickly becoming...
Better Advice Bill changes enter consultation
Exposure draft legislation for the long-awaited Better Advice Bill was released this week, with advisers gaining greater certainty into the future of the...
Finfluencer days may be numbered as ASIC steps in
If you’re thinking of hiring an ultra-cool “finfluencer” to help redirect social media traffic to your website or to spruik your products or...