Articles by Jason Spits

Education

Industry conferences still a good CPD source

Industry events will remain a valid source of CPD, with advisers able to use them to access training beyond FASEA’s minimum requirements.

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Education

Advisers need to focus on new CPD regime

Close-up of a magnifying glass

The CPD requirements for financial advisers have shifted and practitioners need to consider the time and content of training to meet new FASEA standards.

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ASIC, Regulation

SMSF adviser banned for 25 years

Court action initiated by ASIC has resulted in an SMSF adviser being removed from the industry for 25 years for misusing client funds.

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Investments, Markets

Younger investor share trading on the rise

The number of younger investors trading shares has increased, but they are still choosing well-known names in the domestic market.

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Education

SMSF advisers get lighter education load

SMSF specialist advisers may only have to complete a maximum of four study units to comply with new FASEA education standards.

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Education, Financial Planning

FASEA finalises foreign qualifications process

Advice providers with foreign qualifications have been given certainty on how their training will be assessed by FASEA, which will consider key knowledge areas and regulatory and legal obligations.

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Education

FASEA releases finalised education pathways for advisers

The Financial Adviser Standards and Ethics Authority (FASEA) has released its final education pathways policy, confirming some advisers will only have to complete one unit to comply with the new education standards. FASEA initially released a draft of its FPS001 Education Pathways Policy in mid-November last year, seeking consultation from the advice sector until mid-December, […]

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Platforms

Hub24 posts record quarterly inflows

Hub24 has recorded its largest single quarter of net inflows, totalling $1.48 billion, driven in part by the transition of a large managed discretionary account (MDA) to the platform. Net inflows to the end of the December quarter increased by 167.4 per cent compared to the prior corresponding quarter, rising from $554 million to $1.48 […]

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Investments, Regulation

PC backs away from minimum balance position

The Productivity Commission has backed away from recommending a $1 million minimum member balance for SMSFs, but has recommended greater training for financial advisers and more disclosure around the creation of funds.

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Regulation, Retirement, Superannuation

Petition launched to fight franking credit changes

An online action group has joined the push against plans by the federal opposition to remove refundable dividend imputation credits for self-funded retirees, claiming the proposed move punishes people who have heeded calls to save for their own retirement.

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