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
Crypto inches towards advice ecosystem with Bragg report
Even if the speculative nature of crypto investment could be accomodated in a client portfolio, advisers say, satisfying the Code of Ethics requirement that clients understand the "benefits, costs and risk" is problematic unless both parties are subject matter experts.
October 21, 2021
The pendulum has swung too far: AMP’s Lawler
Despite doing some major heavy lifting to sign on for robust compliance and professional standards, the delivery of advice itself remains complicated – and laden with paperwork. AMP's head of advice, Matt Lawler writes.
October 20, 2021
ALRC warms to a more principles-based Corps Act
There are risks in moving towards a more principles based regulatory system, the ALRC notes, but as the Corporations Act has evolved into a document read by AFSL holders rather than lawyers, the need to make it shorter and more navigable has grown.
October 19, 2021
7-year project highlights advisers’ view on crisis intervention role
Advisers see themselves as crucial providers of ongoing crisis managment services according to a landmark ongoing study being undertaken at Griffith Business School.
October 18, 2021
HUB24 swoops on Class
HUB24 has acquired cloud-based accounting, investment reporting and administration software company Class in a move designed to broaden the investment platform provider's footprint in the wealth management space.
October 18, 2021
Pro bono advice network takes on new chair, new direction
With a new chair leading the charge for a broader adviser base, PFAN has its sights set on putting more people in dire need of advice in front of the those willing to lend a helping hand. "Advisers don’t need to think of these clients as an anchor on their book," Nicola Beswick says.
October 14, 2021
