News : financial advice

financial advice, Legislation, Retirement, SMSF

SMSF advice requirement unnecessary

SMSF Retirement Income Covenant Financial advice advisers

A recent proposal to extend the Retirement Income Covenant provisions to SMSFs is unlikely to adequately meet the current financial advice needs of trustees.

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Accounting, financial advice, SMSF

Advice a must for accountants

Financial advice Accountants Quality of advice review

Accountants must be allowed to play a greater role in providing financial advice so more Australians can satisfy their unmet needs in this area.

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financial advice, Retirement, SMSF

SMSFs preferred by HNW clients

HNW high net worth SMSF superannuation retirement

SMSFs are still the optimal retirement savings vehicle for high net worth individuals, with choice, control and flexibility with complex estate planning strategies the key considerations.

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financial advice, Legislation

Industry input crucial to more QAR changes

Stephen Jones Quality of Advice Review Safe harbour Statement of advice QAR

Several outstanding recommendations of the Quality of Advice Review will be legislated in 2024, contingent on further discussions with industry bodies.

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financial advice, Legislation

QAR bill needs rapid action

QAR Quality of Advice Review recommendations legislation

The bill to implement Quality of Advice Review recommendations needs to progress rapidly through parliament if the changes are to be of any benefit to the advice sector.

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financial advice, Legislation, Regulation

Draft bill to enact QAR changes released

Quality of Advice Review recommendations Draft legislation

A long-awaited bill to enshrine some of the recommendations of the Quality of Advice Review has been released by Treasury.

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financial advice

FAAA launches recruitment site

FAAA hiring jobs recruitment website

The Financial Advice Association Australia has launched a careers portal to assist advice firms and practitioners to find new staff or job opportunities.

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ASIC, financial advice

Adviser levy tipped to be reduced

ASIC financial adviser levy FAAA Sarah Abood

The financial adviser levy imposed by ASIC is anticipated to be less than what was previously estimated for the 2023 financial year.

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financial advice, Superannuation

Super awareness high, but advice needed

superannuation awareness financial advice MLC

Australians are generally aware of the role of superannuation, with some making additional contributions, but still want help to deal with unexpected change.

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ASIC, Education, financial advice, Tax

Education requirement dropped for tax advisers

financial adviser tax agents education ASIC

Financial advisers who are registered tax agents are no longer required to fulfil certain education requirements to offer advice on tax matters.

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