'Reflect and reconsider': ASIC chair calls for complexity cull
The legislative threads surrounding financial services "look less like an elegant tapestry and more like a painting by Jackson Pollock", the ASIC chair said,...
'Pivotal moment' as greenwashing overtakes returns as key ESG concern
Amidst a healthy uptick in investment returns and consumer confidence, the ESG sector is coming to grips with increasing concern about greenwashing, which has...
Discovery and documentation the keys to sound compliance
While advisers and their licensees place most of their compliance eggs in the SOA basket, the real focus should remain on more robust client discovery and...
Jones announces immediate change to 'complex and confusing' CDR framework
Despite its potential and the massive investment behind it, the Consumer Data Right has had little impact due to a host of factors. Frustrated with its low...
FAAA doubles down on Indian advice tie-up through CFP partnership
As part of the strategic partnership, Indian CFP aspirants will have a pathway to gain qualifications that meet the Australian regulatory framework. It's a...
'More professional' adviser cohort sees AFCA complaint levels plummet
The amount of complaints against advisers that reach AFCA has plummeted in the authority's five years of operation, and it's not just falling adviser numbers...
FSG exemption back in play after ASIC fixes Treasury's DBFO reform blunder
It came as a relief instrument rather than the expected guidance note, but ASIC's move still managed to give advisers the surety they need to legally use the...
FSG exemption 'almost entirely redundant': Lawyer
For advisers that have already started relying on website disclosure, the unclear legislation "may or may not" be an issue, the Cowell Clarke lawyer explained....
How advisers can navigate APRA's likely hybrid phase-out
While APRA's proposed hybrid phase out is designed to improve the resilience of the financial system, it will inevitably impact investors and the strategic...
ASIC (and courts) to funds: Practice the ESG you preach and stop virtue signalling
It doesn't matter whether funds mislead investors with intent or not, and it doesn't matter if other parties were partly to blame. The authorities have had...
QAR fork in the road: Does your advice practice take a compliance or strategic approach?
An advice group can either shift its compliance settings to accommodate the reforms, or they can reshape their business strategy to take advantage of them. The...