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ASIC laments licensee 'lag and drag' after $5.6 billion customer remediation bill
The corporate regulator has delivered a stern warning to licensees with the release of its guide on consumer remediation. After overseeing billions in...
Gambling operator woes highlight draconian advice industry regime
The inability of major casino operators - and many other 'respected' professions - to run a clean sheet is galling for an advice industry beset with stifling...
'Complex' regulatory changes driving technical adviser queries
New income thresholds for seniors health cards, downsizer rules, the transfer balance cap, changing work test requirements and the Home Equity Access Scheme...
Financial stress underlines need for better advice model
Many have seen the value of their superannuation, property and share portfolios fall over the past six months, which has only highlighted the need for quality...
Australia readies for the Tokenization wave
The race to tokenize is on, with Australia joining Switzerland, the US and Japan in embracing the technology.
Further 7pc of advisers linked to unis: Principals Community brings scale to grad drive
With 127 practices under its wing, the tie-up between Kon Costas' ex-BT network and Deakin University will give 1,263 advisers a direct line to graduates and...
Transparency, action central to building 'consumer love'
Despite a backdrop of weaker returns and uncertainty, Australian Ethical has continued to grow via great engagement and 'consumer love'.
Financial advisers call for integrated technology solution as platform satisfaction wanes
Advisers are spending more on technology and using more platforms than ever, but satisfaction levels are on the wane according to Investment Trends.
FPA/AFA cultural divide 'more perception than reality': Abood
CEOs at the soon-to-merge associations say the two groups have become more aligned over the years. AFA members are no longer die-hard 'riskies', and the FPA...
'Good advice' duty suits lawyers & product issuers more than advisers
As romantic as it may be to proclaim the emergence of an advice profession and to suggest that a 'good advice' duty is a panacea for systemic failures, the...
'Now's the time': FPA, AFA announce merger plans
Prompted by advice industry rationalisation, the Levy review and the need for a united voice in Canberra, the two major associations will invite members to...
SOAs to go, advice upended in review proposal paper
Advice is set for a dramatic shift towards deregulation, with the Levy proposal paper sketching a plan to ditch statements of advice and best interest duty in...
'Growing backlog of work' overwhelming advisers: Diverger
CEO Nathan Jacobsen discusses the challenges confronting financial advisers in what has been a difficult year for the industry.
FPA seeks urgent extension of ASIC levy freeze
The association is calling for an immediate continuation of ASIC's industry levy relief and a fairer approach to costs for planners.