'I'm sick of being an adviser ATM machine': FAAA chair lashes out over CSLR
Even though most of the Dixons Advisory complaints are yet to be submitted, the CSLR has already allocated a $24 million bill to the industry. Good financial...
Advice coalition proposes broader education slate for new entrants
The representative working group is lobbying the government for a broader section of study to be eligible for credit within the 'equivalent degree' requirement...
Advisers shift out of one-man shops as more 'Micro-AFSLs' close doors in 2024
After the Hayne Royal Commission many advisers decided to steer away from large dealer groups in favour of becoming self-licensed. In the last six months,...
FSC bulks up its financial adviser representation stocks
While known for being the flagbearer for financial product providers, the Financial Services Council is now making serious inroads into the financial advice...
Licensing update: Learning from Lanterne
ASIC's successful case against the rogue "licensee for hire" serves as a timely reminder of what can happen when AFSLs aren't on top of their compliance...
Industry 'backed up', waiting to invest in QAR reforms amid election uncertainty
The government's reform package may be flawed, but it's crucial that the first tranche goes through parliament before the next election, Abood said. Further...
ASIC sounds major warning on 'licensee for hire' firms
ASIC made no secret of its assertion that Lanterne operated purely as a "licensee for hire", which is an ominous reminder for licensees operating with thin...
QAR legislation stumbles on prohibitive super fund advice fee rules
It was assumed by industry that a glaring gaffe in the government's draft legislation, which forces super funds to assess every piece of advice before...
CSLR adds to the burden on industry it's meant to support: FAAA
There are several bones of contention that the FAAA, and the industry more broadly, has with the compensation scheme's settings, despite supporting it in...
Advisers warned: Choice super returns must be monitored and explained
Advisers should treat Choice super performance as a "primary consideration," the commissioner stated, while licensees should have "rigorous processes" for...
Advice review to help consumers move up advice 'continuum': Panel
Bringing super funds and other institutions into the advice ecosystem should benefit consumers by creating an organic path for them to follow as their needs...