Compliance

Compliance

Licensees stifling practice acquisitions over compliance concerns

Advice firms looking to build scale are being told to involve their licensees early when acquiring businesses, as tighter compliance benchmarks make it harder to get deals across the line.

Tahn SharpeOctober 19, 2020

Compliance

Structural rethink needed for advice industry

Advice regulation isn't particularly well-designed, but with some holistic thinking and a tweaked mandate for the Single Disciplinary Body the industry can reshape into something that is fit for purpose. Conrad Travers and Selin Ertac write for Professional Planner.

Conrad Travers and Selin ErtacSeptember 7, 2020

Compliance

ASIC fine with extra advice fee compliance doc

The regulator has confirmed it is aware super funds are sending letters out to licensees asking them to confirm that every member has received the advice they paid for before the fund will release the fees. But ASIC’s blessing came with a warning.

Tahn SharpeAugust 19, 2020

Compliance

ASIC disconnected from compliance reality, advisers say

The regulator’s promise to reduce compliance costs doesn’t gel with their hard line on ‘lookback’ requests, advisers say. Fear still runs rife in the industry and is stifling efforts to reduce the cost to serve.

Tahn SharpeJuly 23, 2020

Compliance

Inside the quick descent of MyPlanner

After building up a growing base of advisers, the MyPlanner dealer group rapidly imploded amidst compliance concerns, leadership changes and ASIC orders.

Tahn SharpeJuly 6, 2020

Compliance

Calls mount for combined FDS and OSA

Amalgamating the current backwards-looking FDS with the proposed annual renewal notice will save advisers time and money according to Xplore Wealth’s Michael Wright.

Tahn SharpeApril 20, 2020

Compliance

COVID-19 the second biggest challenge for advisers in 2020

While the coronavirus crisis has played havoc with portfolios and dramatically changed the way advisers work, an ongoing study from researcher Investment Trends – in partnership with Professional Planner – reveals it’s still not the heaviest burden for advisers.

Tahn SharpeApril 16, 2020

Compliance

ASIC’s compliance reprieve a test not to be taken lightly

The loosening of compliance around ‘crisis’ superannuation advice may be clunky and ill-fitting, but it is a welcome step in the right direction and if applied correctly by the industry could see a broadening of similar regulatory relief measures.

Tahn SharpeApril 15, 2020

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