'Easy wins' not enough for QOAR: Joint advice association group
In a letter released by the group Thursday it said "urgent action is needed", and called the government's impending response a "rare opportunity to deliver...
ASIC hits Vanguard funds over 'greenwashing' tobacco claims
The Australian Securities and Investments Commission is making good on promises to combat greenwashing, issuing its second set of fines against a company for...
Levy's advice proposals get heavy hitting advocacy lift
The Financial Services Council and its provider members are putting their weight behind the advice review leader's suite of reforms as the December 16 delivery...
Good advice foundation to shift from 'reasonable benefits' to 'fit for purpose': Levy
Review leader Michelle Levy said the proposals need to look at the "full universe" of providers. If 'good advice' is to replace best interests duty while also...
'The destination is what's important': FPA/AFA chart next stage of merger plan
The draft documents to be handed out in December will contain information members can use to assess whether a union between the two groups is the best way...
Leaders sound consolidated alarm on the rise of consumer harm in financial services
The financial services minister is looking at tackling scammers at the source: "Does our barista down the corner really need my email address, my bank details,...
SMEs persist with advice subsidy push to new government
It was a COVID-inspired idea that fell foul of the electoral cycle, but the nation's small business advisory peak bodies continue to push for subsidised advice...
Experience pathway to perpetuate poor advice industry image: FPA
Implementing the current proposal for 'experienced' advisers to skip the relevant degree mandate will do far more harm than good, the association argues, with...
Gambling operator woes highlight draconian advice industry regime
The inability of major casino operators - and many other 'respected' professions - to run a clean sheet is galling for an advice industry beset with stifling...
FPA/AFA cultural divide 'more perception than reality': Abood
CEOs at the soon-to-merge associations say the two groups have become more aligned over the years. AFA members are no longer die-hard 'riskies', and the FPA...
'Good advice' duty suits lawyers & product issuers more than advisers
As romantic as it may be to proclaim the emergence of an advice profession and to suggest that a 'good advice' duty is a panacea for systemic failures, the...