Put client consent on hold for three years: AFA
June 10 was the closing date of what may well become the most important review of the financial advice industry in its short history
FPA flags tax deductibility and removing duplication in QAR submission
The day-to-day life of a financial adviser could soon be a lot easier, after the Financial Planning Association of Australia (FPA) called for an urgent...
ASIC updates guidance for 'warnings and reprimands'
ASIC has just released an information sheet allowing it to issue warnings and reprimands to financial advisers that do the wrong thing. If you're a financial...
AFCA confirms a new user pays model to cover costs
Following on from last week's article titled, 'Ombudsman seeks to simplify complaint treatment,' The Australian Financial Complaints Authority (AFCA) today...
Adviser numbers forecast to fall below 15k
The exodus of financial advisers from the industry is set to continue into 2022, according to research undertaken by Adviser Ratings, who in partnership with...
Pressure builds on greenwashing with SEC to tighten screws
It appears that regulators around the world are getting more serious on ESG, with the US Securities Exchange Commission, similar to Australia's ASIC,...
'Let professionals be professionals': The call ahead of Quality of Advice Review
Given the flood of changes and regulatory oversight that has resulted from the Royal Commission, it likely comes as a surprise to many that the impending...
Financial Services Council flags priorities for Advice Review
There is growing pressure on the long-awaited Quality of Advice review to deliver real change to an industry that has been saddled with layer after layer of...
Ombudsman seeks to simplify complaint treatment
The Australian Financial Complaints Authority, the external dispute resolution group of which all financial advisers must be members, this week announced...
Funding model, wholesale test lead FPA's election platform
The Financial Planning Association (FPA) has outlined its policy platform, or target areas for the next Federal Government.
Stockbrokers association drops financial advice monitor
The Stockbrokers and Financial Advisers Association (SAFAA) is changing its name to the Stockbrokers and Investment Advisers Association (SIAA). The subtle...