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...
'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...
With DDO stop orders, ASIC steps up marketing scrutiny
The corporate regulator reports it has issued 21 stop orders against companies over marketing of financial products since new design and distribution...
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...
ASIC 'neutral' on SOA format, video statements good to go
The Corporations Act is "technology neutral" according to ASIC, so video SOAs are acceptable as long as they include the eight or so standard compliance...
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,...
Are we there yet? Inflation and interest rates likely to keep rising: Sage Capital
Central banks are likely to continue inflating interest rates around the world, with the US federal reserve at the vanguard. Be wary of thinking markets have...