News : financial advice

ASIC, Compliance, financial advice

Adviser registration date pushed back again

Adviser registration date

ASIC has extended the date by which financial advisers must be registered with the regulator by a further three months, with the new date set for October.

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financial advice, Regulation, SMSF

SMSFs ‘misfits’ under Corporations Act

SMSFs and Corporations Act

A statutory body has highlighted the challenges in classifying SMSFs under the Corporations Act, leading to uncertainties about advice, licensing and client classification.

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Education, financial advice, Financial Planning

No sunset clause for experienced pathway

experienced adviser pathway sunset

The government will not introduce a 10-year sunset clause into its experienced pathway bill, citing the need to keep experienced advisers in the system.

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Business News, financial advice, Investments

AMP restructures its wealth arm

AMP wealth management

The role of AMP Australian wealth management chief executive has been made redundant as part of an organisational restructure.

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Business News, financial advice

FSC appoints Power to board

FSC Kelly Power

The Financial Services Council has added an experienced financial executive to its board of directors.

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financial advice, Financial Planning, Regulation

Drop separate labelling of advisers

labelling advisers education

The labelling of advisers based on their education pathway is confusing for consumers and should be relegated to advice documents and marketing material.

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financial advice

Digital advice requires human element

digital advice

The definition of digital advice should also include the involvement of humans and the development of hybrid models rather than purely technology driven services.

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financial advice, SMSF, Superannuation

SMSF advice a possibility from APRA fund

SMSF advice

Calls to allow APRA-regulated funds to provide advice may mean they also have to consider a member’s SMSF benefits in the circumstances of that advice.

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Education, financial advice

Experience pathway needs sunset clause

Experienced adviser pathway FAAA

The FAAA will support the experienced adviser pathway proposal if it includes a sunset clause and a code of ethics education requirement.

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financial advice, Regulation, SMSFA

Experience plan may have kept more advisers

Experienced adviser pathway

The experienced adviser pathway should have been offered sooner under the education changes of recent years and may have led to greater retention of advisers.

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