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
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
