More than QAR and experience pathway needed to solve advice: Jones
Simplifying fee consent and eliminating overlapping regulatory regimes will be part of the priority for the Government’s advice reforms, but Minister for Financial Services Stephen Jones believes more will be needed beyond the Quality of Advice Review and experience pathway to solve advice accessibility.
March 14, 2023
Legislating the objective of superannuation – Is it a Trojan Horse?
Changes to the tax regime which supports and regulates the Australian superannuation system should only be made based on principles which preserve certainty, confidence and trust, writes Robert M C Brown.
March 14, 2023
Australian Ethical hires new CIO
Ethical investment manager Australian Ethical has made several additions to its leadership team.
March 14, 2023
Cassin rejoins bfinance as global head of investments and research
Independent investment consultancy bfinance has appointed Olivier Cassin as its global head of investments and research.
March 14, 2023
CALI adds veteran policy directors to executive team
The Council of Australian Life Insurers has appointed Ben Marshan as director of policy and industry affairs and Michael Johnston as director of policy and advocacy.
March 13, 2023
Jones eyes SOA reform: ‘A bloody no-brainer’
The good news: the Minister for Financial Services Minister Stephen Jones sees no future for long-winded advice documents. The bad news: advice-related legislation will have to contend with other national priorities in Parliament.
March 13, 2023
Australian Ethical divests from Lendlease over koala development
Australian Ethical has sold its shares in Lendlease Group over its planned development at Mt Gilead in south-western Sydney, which could threaten the survival of one of the last remaining healthy koala colonies in NSW.
March 13, 2023
Consumer protection is a line that ought not be crossed
A timely reminder of what it costs when advice goes wrong makes it even clearer why protecting consumers of financial advice should not be compromised.
March 13, 2023
Differences over Levy’s proposals shouldn’t ignore the big picture vision of reform
Advisers in Australia have long been professionals and should be treated as such writes Matt Rady. The Quality of Advice Review consultation presents an opportunity for the advice profession to come together to advocate for direct change.
March 10, 2023
CountPlus acquires Affinia Financial Advisers
TAL has agreed to sell advice practice Affinia Financial Advisers to CountPlus in a move further separating product from advice providers.
March 10, 2023
Around $4.5b in remediation due from big 6 instos
Six of Australia’s largest banking and financial services institutions have paid or offered $4.7 billion in compensation to customers who suffered loss or detriment because of fees for no service misconduct or non-compliant advice, according to an update from ASIC.
March 10, 2023
Advisers adamant it will be BAU amid potential recession
Advisers agree that recession-proofing is required in the event of economic challenges ahead, but it will still be business as usual.
March 09, 2023
