News : financial advice

DBFO has failed its objectives

August 20, 2025

The Financial Advice Association Australia has labelled the government’s response to the Quality of Advice Review to date as frustrating.

August 19, 2025

Accountability for claims lodged using the Compensation Scheme of Last Resort is required for this consumer program to function properly.

August 18, 2025

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

August 18, 2025

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

August 13, 2025

The Administrative Review Tribunal has upheld a decision to impose a 10 year ban on an adviser who spruiked SMSFs to buy into risky investments.

August 12, 2025

The regulatory framework for advice needs reform so consumers do not have to use multiple practitioners to meet their needs.

August 7, 2025

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

August 7, 2025

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

August 7, 2025

The FAAA has issued a call out to education providers to participate in broadening specialist areas relevant to financial planning.

August 6, 2025

SMSF complaints received by AFCA have been caused by poor and conflicted advice and not by the underlying fund structure.