Adviser levy relief delivered by Frydenberg
Some positive news was delivered to the financial advice industry this week with the ASIC Supervisory Levy to be reduced to 2018-19 levels. The announcement...
Adviser associations band together
Eight of Australia’s largest financial advice industry associations have joined forces to oppose the design of the compensation scheme of last resort,...
Another step forward for the simplification of advice regulation
The Federal Government has quietly passed several previously flagged changes to the financial advice industry. The majority appear to be a positive step in the...
Aussie Super prompts more Bragg ire over New Daily
Industry fund-owned ‘The New Daily’ is once again in political hot water after a controversial deal with AustralianSuper to auto-subscribe 800,000...
Parametric highlights key trends emerging as the YFYS legislation nears
Global investment manager Parametric (part of the Morgan Stanley group of companies), which advise on over $378 billion in assets, this week highlighted key...
FPA calls for 'true' professional regulation of financial advisers
As part of the government’s commitment to ensure Australian’s can access quality financial advice, a new disciplinary system for financial planners...
New regulatory framework taking shape for advisers
April may well be remembered as the beginning of the next phase of financial advice in Australia. While the establishment of FASEA may have had far reaching...
Life Insurance Framework review moved to Treasury
Towards the end of last year, ASIC began preparations to request relevant documentation from major dealer groups around life insurance advice. This year is a...
ASIC delivers certainty on consent and 'lack of independence' disclosure
The corporate regulator, ASIC, has continued its busy start to the year, releasing three legislative instruments this week stemming from the recommendations...
Annual renewals bill passes both houses of Parliament
The Financial Sector Reform Bill (Hayne Royal Commission Response No. 2) Bill finally passed both houses of Parliament on Friday, as the professional standards...
PIMCO caught in fake bond scam
PIMCO Australia last night (February 22) warned advisers nationally that its name had been used in bond scams which ASIC uncovered in January. They are...