Better Advice Bill changes enter consultation
Exposure draft legislation for the long-awaited Better Advice Bill was released this week, with advisers gaining greater certainty into the future of the...
Finfluencer days may be numbered as ASIC steps in
If you’re thinking of hiring an ultra-cool “finfluencer” to help redirect social media traffic to your website or to spruik your products or...
Adviser levy relief delivered by Frydenberg
Some positive news was delivered to the financial advice industry this week with the ASIC Supervisory Levy to be reduced to 2018-19 levels. The announcement...
Adviser associations band together
Eight of Australia’s largest financial advice industry associations have joined forces to oppose the design of the compensation scheme of last resort,...
FASEA exam extended nine months*, waiting period waived
The Federal Government’s sympathy for the under-pressure financial advice industry was exhibited once again this week, with Jane Hume, the Minister for...
Another step forward for the simplification of advice regulation
The Federal Government has quietly passed several previously flagged changes to the financial advice industry. The majority appear to be a positive step in the...
Aussie Super prompts more Bragg ire over New Daily
Industry fund-owned ‘The New Daily’ is once again in political hot water after a controversial deal with AustralianSuper to auto-subscribe 800,000...
Limited relief offered for 'unworkable' FDS requirements
By now every adviser, licensee and paraplanner would be well aware of the impending changes to annual opt-in, consents and ‘lack of independence’...
Parametric highlights key trends emerging as the YFYS legislation nears
Global investment manager Parametric (part of the Morgan Stanley group of companies), which advise on over $378 billion in assets, this week highlighted key...
FPA calls for 'true' professional regulation of financial advisers
As part of the government’s commitment to ensure Australian’s can access quality financial advice, a new disciplinary system for financial planners...
New regulatory framework taking shape for advisers
April may well be remembered as the beginning of the next phase of financial advice in Australia. While the establishment of FASEA may have had far reaching...