The three most powerful words an adviser can say
The financial advice profession exists because of uncertainty, so why are advisers desperate to eradicate it? Clients should feel a little bit disturbed, says Paul Moran.
November 01, 2021
ASIC sets ground rules for crypto operators
ASIC has begun the difficult task of setting regulatory ground rules for product issuers and market operators with the release of crypto-asset related investment product guidance.
November 01, 2021
Fundamental changes predicted for market themes post pandemic
Some investors believe the world will return to a pre-pandemic “norm” but industry experts have warned of very different scenarios.
October 28, 2021
Unregulated retirement tool proposed for ‘middle’ retirees
A low-cost, standardised modelling tool sitting outside the regulatory system would provide guidance to people that retire without access to a financial adviser according to The Conexus Institute's David Bell and UNSW Business School professor Pamela Hanrahan.
October 28, 2021
CBA retreats as AIA gears up for scaled back advice offering
While the nation's biggest bank has completed its retreat from retail wealth management, insurance giant AIA Australia will pick up its clients and offer advice to "lower to middle-income Australians" with "simple wealth needs".
October 27, 2021
Treasury drafts new advice peer review crew
After the old FSCP cohort was disbanded in July, Treasury is under the pump to restock it with industry representatives before it starts policing the Code of Ethics in the new year. Helping it are the industry associations, who've been asked to nominate potential candidates.
October 26, 2021
Exam pass rate slows to 61pc with 16,850 across the line
Over 16,850 authorised representatives have now passed the FASEA's adviser exam, with one final test being offered before the provisional cut-off date at the end of the year.
October 26, 2021
ASIC to funnel adviser levy feedback to Treasury
The costs have piled up for advisers, but regulators and policymakers are sending signals that their intent is to stem the flow. While Treasury gears up to review the funding model, ASIC will let it know what the industry is thinking.
October 25, 2021
Loane takes her leave at the FSC
Sally Loane has announced she will be leaving the Financial Services Council after seven years as chief executive officer at the policy and advocacy organisation.
October 25, 2021
Ethics ‘peer review’ era set in stone as Better Advice Bill passes
Peer review will be another significant step towards professionalism for advisers according to financial services minister Jane Hume, who spoke to Professional Planner about the Better Advice Bill's passing Friday.
October 22, 2021
IOOF replaces badge with Insignia Financial rebrand
The rebrand, timed to coincide with the onboarding of hundreds of advisers from the ANZ and, more recently, MLC acquisitions, comes after the firm undertook a "strategic review or brand architecture" to consider what role each brand in the empire plays.
October 22, 2021
