Advisers let down by the government: ALP’s Jones
The advice industry has come to a low ebb under the Morrison government, the shadow financial services minister tells Professional Planner. The ALP wants to reset the industry by tackling the advice gap, adviser levies and specialist accreditation – but Jones is keen to hear from advisers on the best way to do this.
June 30, 2021
Widening guidance: The case for more advice in super builds
Funds might tread carefully with their intra-fund strategies but work being done by policy makers and the funds themselves around retirement solutions will open new pathways for advice within superannuation.
June 30, 2021
3 in 4 advisers using ETFs by year end
A record 76 per cent of advisers will be using ETFs in their client portfolios by the end of the year according to new research from exchange traded product provider Blackrock. Despite pockets of concern, the adoption rate continues to climb.
June 29, 2021
ALRC push to consolidate financial products and services definitions
The commission has found "strong support" to fix a glaring foundational error in the regulatory ecosystem – two markedly different definitions of what financial products and services are, spread across the Corporations Act and the ASIC Act.
June 28, 2021
Life insurance just a ‘blip’, laments Clearview MD
Life insurance has, in a few short decades, gone from a pillar of society to a mere "blip" on the financial services radar, the managing director of ASX-listed Clearview, Simon Swanson, told the standing committee on economics.
June 28, 2021
Advisers are ready to claim professional benefits
Financial advisers still do not receive the same privileges as other professionals. It will happen, Neil Younger writes, but why should good advisers have to wait?
June 25, 2021
Advice Bill introduces individual registration for advisers
The move to have advisers graduate from licensee registration to individual registration for the industry's new single disciplinary body is seen as a small but significant step towards individual accountability for advisers, sans licensees.
June 25, 2021
Hume grants 9-month FASEA exam reprieve
Advisers who have failed the FASEA exam two or more times will get a further 9 months and at least one more opportunity after the government announced a further extension due to disruption caused by the pandemic.
June 24, 2021
Advice associations need to choose a path and walk it
Hayne was rightly incredulous that advice industry associations were still trying to be disciplinary bodies while representing the interests of their members. The failure of these groups to do either well is not only weakening their position but cruelling the professional ambitions of advisers, writes Robert MC Brown.
June 22, 2021
Providing advice part of a fund’s responsibility: Dr Don Russell
It’s all well and good to say super is all about accumulation of funds for members during their working lives, but according to AustralianSuper Chair Donald Russell funds also have a responsibility to provide advice.
June 22, 2021
