The 6 ways policymakers can fix advice in the 2024/25 budget: FAAA
The collation of issues is an important marker for how many areas of advice legislation still need improvement for the industry to thrive, with fairness at the...
Jones' advice dilemma: How to foster Holden advice provision in a Rolls Royce industry
The concept of a 'qualified adviser' with less qualifications provoked an industry backlash. While the government has signalled it is open to discussion, the...
Global regulators chart ESG path for companies to follow in 2024
In 2023 governments came to a general awareness that to achieve net-zero, robust and consistent ESG policy frameworks must be put in place. In 2024, we should...
Integration and ‘platform approach’ will guide compliance into new age: MIntegrity
While technology’s role in compliance is becoming more prominent, advisers and brokers are still looking for clarity on what vehicles will carry that...
'Their mood will change': Lawyer warns against licensees signing sophisticated investor test
Cowell Clarke lawyer Richard Hopkin said there are reasonable grounds for licensees to certify clients as wholesale, but the practice invites a much higher...
Instos to re-enter advice, SOAs scrapped in landmark reform package
The government will now follow through on Levy's proposal to bring licensed financial institutions back into the advice fold, while also agreeing to...
Morningstar invested in nuclear weapons components against ESG claims: ASIC
The five holdings were only for about two weeks each, and then divested as soon as Morningstar became aware of them. But ASIC takes a seriously dim view of ESG...
'Really concerned': Jones admits worry over QAR draft, stands by advice reform schedule
"I was really worried people would say ‘Is that all?'" the minister said, before explaining that he didn't want to submit key compliance reforms until they...
Code of Ethics important, but it won't supplant the Safe Harbour Steps
The government's position on what to do with the Safe Harbour Steps is no longer clear, but the chances of seeing it supplanted by the existing Code of Ethics...
Advice reform stalls as Jones dithers on SOA, safe harbour changes
Even with a lightened agenda, the government failed to finish its homework and instead delivered only a portion of the first tranche of advice reforms. It's a...
Shareholder groups ASA and AIA merge to create 'powerful entity'
The Australian Shareholders' Association and the Australian Investors Association have agreed to amalgamate in the new year, seeking to grow their membership...