Specialists say it’s the hardest professional indemnity insurance market for advice in 20 years, with annual premiums starting at $10,000. But a stabilised economy and improved compliance levels could see insurers come back into the fold and premiums soften in 2021.
Tahn SharpeSeptember 23, 2020
The ALRC’s financial regulation review won’t follow the normal template, lawyers say, as the focus will be more on structure than policy. This may mean a swing back towards more prescriptive regulation for advisers, but don’t hold your breath for a quick result.
Tahn SharpeSeptember 22, 2020
Empty AFSL’s with no client books have gone from having virtually no value to being sold for an average of $70,000, with ex-institutional advisers clamouring for an independent ticket yet reluctant to wait on ASIC to approve a new license.
Tahn SharpeSeptember 21, 2020