'Now's the time': FPA, AFA announce merger plans
Prompted by advice industry rationalisation, the Levy review and the need for a united voice in Canberra, the two major associations will invite members to...
SOAs to go, advice upended in review proposal paper
Advice is set for a dramatic shift towards deregulation, with the Levy proposal paper sketching a plan to ditch statements of advice and best interest duty in...
FPA seeks urgent extension of ASIC levy freeze
The association is calling for an immediate continuation of ASIC's industry levy relief and a fairer approach to costs for planners.
ASIC levy review targets adviser 'time-lag' issue
The review will consider "the consequences of time lags between regulatory action and cost allocation", the terms of reference states.
Holes revealed in new fund disclosure regulations
Morningstar has released a research paper citing how "abysmal" Australia's portfolio holdings disclosure requirements are for superannuation funds.
Advice complaints trend remains positive
The fact that just 281 complaints were lodged about 'failure to act in client's best interests' and 241 for the providing "inappropriate advice', shows the...
Federal Government pauses YFYS rollout
News that the rollout of the Your Future Your Super (YFYS) test beyond My Super products would be paused has been met with positive and negative commentary...
Retirement calculators 'must not advertise or promote' product: Regulators
Under the updated RG276, ASIC has made it clear that any retirement calculator must be agnostic to product.
Release reins of general advice to reset market: Vanguard
The closing of submissions for the Quality of Advice review saw a flurry of detailed proposals released in recent weeks.
Regulator warns underperforming funds on member comms
Bringing oversight to a multi-trillion dollar sector was important, but the regulations are far from perfect, with many suggesting they effectively direct...
Associations band together to reset advice regulation
As submissions were released this week, they were accompanied with commentary from several industry leaders about the massive burden and challenges being place...