Damocles sword hangs over timeshare advisers: ASIC’s Chester
The deputy chair used Roman lore to describe how close the corporate regulator is to coming down hard on timeshare industry providers, with a deferred sales model and extended cooling off periods being considered.
June 21, 2021
Six member SMSF bill passes legislation
Legislation to allow an increase of maximum members in an SMSF from four to six has passed in parliament, despite a last-minute movement by the opposition to to review operation of the bill.
June 21, 2021
ALP attacks ‘shonky’ advisers in SMSF bill shut-down
Financial services minister Jane Hume defended the industry after ALP senator Jenny McAllister said "shonky" advisers would be the main beneficiaries of a proposal to increase SMSFs to six allowable members.
June 17, 2021
High fees, happy members: Small funds score on sentiment
The only thing large funds scored higher on was apathy; when given a list of things that members can do to prepare for retirement such as reading information or visiting a financial planner, 35.8 per cent of large fund members had done nothing compared to 27 per cent of small fund members.
June 17, 2021
Corps Act split would separate companies from consumers: ALRC President
The ALRC president explained how lifting Chapter 7 from the Corps Act would separate consumer protection obligations from company lifecycle regulation, which would both improve navigability and reduce complexity.
June 16, 2021
Time to take individual adviser registration seriously: FPA
The time is "absolutely" right for the financial advice industry to start discussing the prospect of individual adviser registration and think pragmatically about what that means according to FPA chief Dante De Gori.
June 16, 2021
The quid pro quo morality test for advisers
A new research project out of WSU will chart the moral development of advisers and clarify how FASEA's mandate has influenced moral awareness in the industry. Unlike the exam, however, the test will provide detailed feedback back to advisers.
June 11, 2021
HUB24, IOOF ready to fill the technology ‘gap’ left after WEXIT
The big banks’ collective retreat from wealth management left a giant void in terms of investment in technology and infrastructure. Given tech has been pegged as the saviour of advice, it’s up to platform providers like HUB24 and large groups like IOOF to take up the reigns.
June 10, 2021
Money and understanding the key to investing: Vanguard
While a lack of large tracts of cash is the primary barrier keeping people from investing, a perceived lack of understanding remains a significant barrier to consumers entering the market according to research from Vanguard.
June 09, 2021
The quiet leadership group behind licensees
They eschew publicity and don't want to become "another voice" representing advisers, but this group of licensee notables is meeting regularly to not only discuss the challenges before them, but see if they can figure out a few solutions.
June 09, 2021
