News : financial advice

Education, financial advice

Improved new adviser pathway proposed

Joint Associations Working Group JAWG Financial advice New entrants Education pathway

The Joint Associations Working Group has proposed improvements to the pathway for new entrants to the advice sector, including specialist areas of study.

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Appointments, financial advice

FSC expands to include advice licensees

Financial Services Council Appointment Board of directors advice licensees membership

The FSC has expanded its membership to include financial advice providers, adding two licensee heads to its board of directors.

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financial advice, Retirement

Retirement funding vague for many

Colonial First State Retirement funding Financial advice ASFA

Many Australians have an inflated idea of what it will take for them to retire comfortably, yet few engage with their fund or advisers to seek help or advice.

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financial advice

Inquiry needed on Dixon compensation funding

Financial Advice Association Australia Compensation Scheme of Last Resort Dixon Advisory Sarah Abood

The FAAA has called for an inquiry as to why financial advisers will fund compensation claims against Dixon Advisory despite it closing two years before the industry recourse scheme started.

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financial advice, Superannuation

Super advice fee change urgent

Superannuation Financial advice Joint Associations Working Group JAWG Advice fees Trustees

A group of 12 industry bodies has called on the government to change the proposed process by which advice fees from super are approved, claiming it will add more cost and complexity.

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AFCA, financial advice, Regulation

CSLR now in operation

Compensation Scheme of Last Resort CSLR Misconduct Financial services industry

Commencing today consumers can use the Compensation Scheme of Last Resort for unpaid monies from AFCA determinations.

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financial advice, Legislation, Superannuation

QAR measures tabled in parliament

Quality of Advice Review Treasury Laws Amendment Bill Stephen Jones Financial advice fees Superannuation Financial Services Council Financial Advice Association Australia

A bill to implement the first tranche of recommendations from the Quality of Advice Review has been introduced into parliament.

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financial advice, Legislation

CSLR levy cost will pass to consumers

Financial advisers Compensation Scheme of Last Resort Funding

The costs imposed upon advisers to fund the compensation scheme of last resort conflict with the government’s aim to make financial advice more affordable and will be borne by consumers.

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financial advice

Retrospective CSLR is counter to QAR

SMSF Association Quality of Advice Review adviser levy compensation scheme of last resort CLSR

The addition of a retrospective compensation scheme levy with a high ASIC industry supervision fee will add further strain on the advice sector.

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financial advice, Regulation

CSLR adviser levy exceeds $18 million

FAAA Compensation Scheme of Last Resort Levy Funding Financial advisers

The compensation scheme of last resort has unveiled its levy funding estimates, prompting concern from one industry body over the costs imposed on the financial advice sector.

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