ASIC re-paints the limited advice field lines
With this information sheet, ASIC has tried to re-paint what many see as the faded boundary lines of limited advice. Nothing substantially new, but a reaffirmation of the relevant parameters to give advisers and licensees the confidence to use the full length of the pitch.
December 02, 2021
The dealer-to-dealer dilemma
The cornerstone of any credible, sustainable licensee services offer must be a credible, sustainable licensee. Even then, Fortnum CEO Neil Younger writes, current dealer-to-dealer models face challenges.
December 01, 2021
Quality of Advice Review won’t be about quality: Allens
The current focus on increasing access to affordable advice will very likely filter into the Quality of Advice Review next year, despite that not being the original plan set in motion by Hayne at the royal commission.
November 30, 2021
Adviser sentiment up as fog begins to lift: CoreData
Advisers are feeling the best about the outlook for their profession and their businesses than they have at any time since we first started asking them back in first quarter of 2020 according to CoreData. Simon Hoyle looks with "guarded optimism" at the drivers for this change and whether it's likely to continue.
November 29, 2021
The FPA’s 5-year plan, 18 months on: What’s changed?
Ben Marshan says he can understand the perception that the FPA hasn't been doing enough policy work leading up to the Quality of Advice review, especially in light of the FSC's high-profile whitepaper. In truth, he says, they've never been busier, and the FPA's five-year plan is steadily working towards many of the policies advisers are now supporting.
November 26, 2021
Godfrey Pembroke celebrates 40 years of empowering advisers
Godfrey Pembroke has followed in the footsteps of its founders, breaking new ground and supporting advice businesses to grow and thrive.
November 25, 2021
Expanded CSLR the wrong ‘jenga-block’: Hume
The minister shot down hopes of extending the planned Compensation Scheme of Last Resort, saying that including Managed Investment Schemes would coddle investors and disrupt the founding principles of risk and reward.
November 24, 2021
ASIC set to change view of key Standards in 2022
The "facilitative" approach to compliance with Standards 3 and 7 will end with the rollout of the industry's new disciplinary body in January, despite lingering uncertainty around the Code of Ethics. The sharpest change for advisers, according to the AFA's Phil Anderson, might be the way ASIC views the fair value trade between them and their clients.
November 23, 2021
Documentation is the bridge to the other side
Standard 8 in the Code of Ethics asks advisers to keep clients’ records in a complete and accurate form. While this may sound simple, it takes time to prepare according to Park Lane Advice Group director John Scukovic and Western Sydney University's Michelle Cull.
November 22, 2021
Small steps the key to advice practice marketing plans
There's a lot of work that individual advice firms can do to bolster their image, Claudia Pritchitt says. A marketing and communications plan with simple steps can go a long way, and it doesn't necessarily require more time and money than you can afford.
November 19, 2021
