Experienced adviser pathway... is it a free pass?
The advisers taking advantage of the government's decision to provide a free pass on education would do well to remember that future governments might not be...
Up to $1,250 per adviser: FAAA flags 'onerous' scheme of last resort costs
The controversial, long-delayed scheme doesn't protect consumers from high profile managed investment scheme failures like Sterling and Timbercorp, FAAA CEO...
SOAs, safe harbour steps gone as government takes staged approach to advice reform
Financial services minister Stephen Jones has accepted 14 of Michelle Levy's 22 recommendations to increase advice access, with super funds set to play an...
FSC, product providers bemoan lack of support from ASIC on innovation
On what was set up as a discussion around the proposals put forward by the Quality of Advice Review, the topic repeatedly shifted to the frustration providers...
Sophisticated investor test draws scrutiny in financial services inquiry
The test allows investors who can certify that they earn $250,000 a year or have more than $2.5 million in net assets to access higher-risk securities normally...
'Some poor operators out there': ASIC urged to scrutinise multi-strategy SMAs
Multi-strategy separately managed accounts (SMAs) are "taking off like you wouldn't believe", according to SQM Research CEO Louis Christopher, but the rapid...
AFCA's scope within super grows as Treasury tweaks complaints body's mandate
The proposal seeks to preserve this definition of what a superannuation complaint is, but "clarifies the policy intent that other types of...
AMP firms fined $24 million for charging dead clients' super accounts
Four AMP Group businesses deducted insurance premiums and advice fees from superannuation customers despite knowing they had died, a judge ruled, with two of...
Divisive experience pathway proposal plan 'upset' FAAA members: Abood
"There's so much pain, so much division on this one," FAAA CEO Sarah Abood said of the proposed exemption. "It actually really upsets me, as I know it upsets...
'Experienced' and 'Relevant' provider tags will only confuse consumers: FAAA
Consumers will be bamboozled by the government's plan to divide advisers into "experienced" and "relevant" camps, the association explained. That, and the need...
Insignia's Mota: Advice review to 'start opening doors' for the industry
The 16,000 advisers providing full-service, holistic advice aren't the ones who can plug the advice gap, Mota explained. Levy's plan, however, has the...