News : financial advice

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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Estate Planning, financial advice, Pensions, SMSF

Best openings from older clients

SMSF trustees Pension Strategies Financial advice Inheritance Estate planning

Two distinct issues have been identified as areas on which advisers should concentrate in order to provide the greatest value for their SMSF clients.

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Estate Planning, financial advice, Financial Planning

Need for wealth transfer help common

wealth transfer financial legacy

Many Australians who have yet to retire are actively looking at how they can pass on money to their successors, with the lack of information creating opportunities for advice.

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financial advice, Regulation

Experience pathway passes through parliament

Financial adviser experience pathway

The government has passed laws allowing experienced advisers to practice without further education and penalising executives who breach accountability obligations.

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financial advice

Advisers experiencing higher workloads

Investment Trends adviser business model

Financial advisers are growing their client base and profits through higher fees and cost management, despite industry exits and concerns about proposed changes.

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ASIC, Compliance, financial advice

More details needed on levy spending

ASIC adviser levy FAAA Sarah Abood

ASIC should provide the advice sector with further information on how it spends more than $55 million each year on enforcement work, given the recent increase in the adviser levy.

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