FASEA’s Code of Ethics a boon to AFCA
While the complaints authority has their own markers and a fairness mandate to guide mediation, having a firm Code of Ethics provides “a lot more clarity” according to the Ombudsman for advice and investments, Shail Singh.
May 25, 2020
Exam pass rate slips to 79 pc
Shortly after the government removed a stumbling block to the FASEA exam extension, the authority released figures showing more than 20 per cent of advisers failed the most recent round of testing.
May 25, 2020
Last brand standing: NAB’s new licensee
TenFifty will replace Apogee, Garvan and Meritum brands, taking its place alongside Godfrey Pembroke as the only remaining big-four bank owned dealer group brands in the country.
May 24, 2020
Advisers supporting each other through pandemic
Research reveals colleagues, industry peers and licensees have been pillars of support for advisers during the pandemic, while industry associations and software providers have lagged.
May 20, 2020
Six mid-tier licensees surge, others falter
Licensees just outside the top ten largely lost ground in line with the rest of the industry this year, while some spectacular falls were matched by half a dozen significant success stories.
May 19, 2020
MLC sheds advisers ahead of streamlining announcement
MLC is expected to make an announcement imminently regarding the consolidated of its licensee brands and the subsuming of NAB advisers under the MLC banner. The group has shrunk its adviser numbers more than 33 per cent in the last 12 months.
May 19, 2020
Limited licence advisers pushed out by standards
The effect of having financial planning education mandates imposed on specialists like accountants operating under a limited license is becoming clear, with a stunning reversal for the fastest growing licensee cohorts from last year.
May 18, 2020
Statistics hide the human side of retirement
An industry that has become so accustomed to using averages to measure adequacy and address policy settings is failing to account for unique circumstances of individuals.
May 18, 2020
A year of bloodletting: Advisers turn their back on advice
Five thousand and twenty-five advisers left the industry in the last 12 months, with those leaving the big institutions also deciding to leave the industry, an analysis of the latest Licensee Owners List reveals.
May 15, 2020
Advice in a crisis (or any other day)
At its essence, advice should be about spending less time putting out fires and talking about investment products and market performance and more time inspiring your clients and empowering your business, writes David Haintz.
May 14, 2020
Revenue concerns peak for advisers: Live data
Expected monthly revenue dropped markedly – from minus 14pc to minus 19pc – this week according to an ongoing study conducted by Investment Trends, which also revealed a remarkable consistency in when advisers think the lockdown measures will end.
May 14, 2020
