AFA slams ’15 month’ annual opt-in renewals
The association’s head of policy called for major changes to the government’s proposed annual opt-in plan, which he said shouldn’t be tied to the ‘fundamentally flawed’ FDS process.
February 26, 2020
Less than 1pc of advisers to escape independence disclosure rule
Between insurance commissions, managed accounts and asset-based fees, the coterie of advisers avoiding ‘lack of independence’ disclosure will likely be tiny. The jury is out, though, until we figure out what the new rule actually means.
February 25, 2020
Advice crucial, but not the only source of truth: NSA
A group representing 130,000 retirees has vouched for the importance of financial advice, but stressed that most of their members are leaning on a variety of sources for guidance.
February 24, 2020
Reason to be optimistic: advice over the horizon
The local advice industry might be in a messy transition period, but going by international standards it is starting from a much, much better place than many others.
February 21, 2020
No more free passes for SMSF breaches: ATO
The head of the tax regulator’s SMSF division revealed 75pc of trustees were being let off, but that is set to change after a review highlighted "ineffective" enforcement practices.
February 20, 2020
Surviving the Code of Ethics 101
UNSW Business School’s Dr Tracy Wilcox suggests advisers consider their ethical mindsets before getting too prescriptive about their Code of Ethics obligations.
February 20, 2020
‘That is crazy’: Hume bemoans lack of super choice
The Minister touted the government’s new ‘Your Super, Your Choice’ Bill and took a swipe at employers with enterprise agreements that lock employees into using unwanted default funds.
February 20, 2020
‘Strategic advice’ needs ratification by lawmakers: Maroney
Law makers need to recognise 'strategic advice' - as distinct from general advice and product advice - an idea the SMSF Association's John Maroney is pitching to government alongside accounting bodies and the FPA.
February 19, 2020
The licensee swap
Finding a new licensee requires a lot of beanbag sitting and coffee sipping for Dixon.
February 19, 2020
Downsizer opportunities sinking in: Heffron
Meg Heffron reckons the beauty of the downsizer contribution rule has taken a while to sink in, but advisers are now getting used to its nuances and adding it to their kit bag.
February 18, 2020
Calls mount for sophisticated investor rule review
Experts remain concerned that dated definitions put investors with the most to lose in front of the most risk. Thresholds based on almost 20-year old figures don’t help, either.
February 17, 2020
Mind the gap: Every licensee has its compliance shortcomings
In the high stakes area of compliance, every licensee will have its strengths and shortcomings. In a continuation of this series of columns, compliance expert Conrad Travers looks at what on offer in the market for advisers.
February 14, 2020
