Industry Updates

Time to move on: Advisers taking the next step

Those deep in conversations with advisers regarding their next step paint a picture for what an adviser’s world might look like after advice.

ASIC to ‘keep an open mind’ on regtech

Commissioner Cathie Armour says ASIC’s greatest takeaway from a series of engagements with industry is that it needs to be open to suggestions around regulation technology.

Advisers consider the next chapter

Most advisers will have already made up their minds where their futures reside, and for many this will be outside the industry – experts share their views.

Associations cry foul as commissions ban confirmed for 2021

The looming ban on grandfathered commissions is coming without enough industry consultation or time to adjust, according to the major industry representatives.

Leigh Sales addresses adviser hardship

The respected journalist and author took themes from her study of people facing great adversity and applied them to the struggles of advisers caught in a maelstrom of disruption.

Self-licensing process has shortened

The regulator is approving licensing applications quicker than in recent months but is throwing some curly questions at aspiring licensees, particularly relating to their PI cover, experts have revealed.

Complexity and ongoing fees pushing consumers away: Sunsuper

The industry super fund’s head of advice challenged a room full of advisers about the way they charge their clients, fully aware that she might make a few squirm.

Ethicist highlights where FASEA falls short

The education authority got most of the ethics-based mandates right, according to Peter Singer, but should have been more consistent on conflicted remuneration.

PI cover: ‘We’re in a supply squeeze’

Amidst a trend towards self-licensing, PI policies are as expensive as they’ve ever been and insurance syndicates are limiting their coverage, an expert has said.

Industry wrestles with adviser salary levels

The FPA’s assertion that the typical adviser takes home $125,000 has sparked debate around what advisers earn across the industry, and what forces are shaping the numbers.

ASIC outlines surveillance plans for risk advice review

Risk advice will be assessed as part of a review ASIC’s Joanna Bird has outlined at a discussion in Canberra facilitated by insurer, AIA Australia.

Pinnacle touts zero management fee cash ETF

The investment management firm will market its new fund as being free of management costs, after its head of retail said Australians ‘should not pay for their cash to be managed’.

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