The minister said the Treasurer and her department are working together with ASIC and industry bodies – who she praised for presenting a united voice – to make the “tortuous journey” of reform easier for advisers.
Tahn SharpeOctober 20, 2020
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
The regulator will consult with industry on what’s blocking the provision of limited advice, which it says consumers want more of. According to ASIC’s advice lead, Kate Metz, word on the street is that licensees are the ones getting in the way.
Tahn SharpeOctober 14, 2020
APRA has brought forward its suite of changes designed to save the insurance industry after seeing another $1.4B loss since December 2019. Capital penalties will now apply for income protection policies that don’t meet its new sustainability standards, which could force risk advisers to rethink their approach.
Tahn SharpeOctober 1, 2020
Financial advisers in the beleaguered state will have until December 7 to fulfil their FDS and renewal obligations after the corporate regulator announced a 'no action' stance due to difficulties associated with the severe lockdown.
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