Insignia's Mota: Advice review to 'start opening doors' for the industry
The 16,000 advisers providing full-service, holistic advice aren't the ones who can plug the advice gap, Mota explained. Levy's plan, however, has the...
Adopt advice review plan now, ASIC can smooth any creases later: Levy pens open letter
The advice review lead had said she wouldn't comment on the recommendations while the government pondered its response. But with the consultation dragging on,...
Ripoll: FoFA righted the ship, but QAR is right for its time
While FoFA was the right policy for its era, Ripoll says the industry has come a long way and has different needs. The Quality of Advice Review's proposals are...
'Experience pathway' plan released, with no sunset clause and a bizarre anomaly
Advisers can practice without a relevant degree for around 30 years according to the draft proposal. They do need a clean record, however - but only up to the...
FPA and AFA complete merger to create unified voice for advisers
The new association will be branded with its key purpose - providing a unified voice representing advisers - reflected in speech bubbles over the 'A's in its...
ASIC to investigate ASX over possible Corps Act breaches in failed CHESS upgrade
The hits keep coming for the country's primary stock exchange, which is now under investigation by the corporate regulator for its oversight of the doomed...
'Somewhat bemused': Advice review lead, industry push for the adoption of proposals
Michelle Levy said she was 'puzzled' by the government's decision to conduct a consultation on the proposals handed down in the advice review, while industry...
FPA and AFA members vote an overwhelming 'yes' to merger proposal
After years of declining membership bases and growing frustration with disparate representation, 96.5 per cent of AFA members and 96.7 per cent of FPA members...
Safe harbour steps to go as Levy sticks (mostly) to the advice reform script
Levy made no major deviations in her final suite of proposals, with Treasury left to mull on a blueprint for reform that should usher in a less prescriptive,...
Ex-heads of advice associations line up to plump for merger
The old guard of advice representation has implored the combined membership groups of the AFA and FPA to vote 'yes' in the upcoming merger vote.
'No compromises': Levy details advice review mindset
"I don't think anyone told me that things are going well," said Michelle Levy of the advice review consultation process. Despite being given disparate views on...