News : financial advice

ASIC, financial advice, Regulation

Advisers must self-declare experience status

Financial advisers ASIC Experienced provider pathway

Financial advisers must self-declare their status as an experienced provider to use that qualification pathway to continue providing advice from the start of next year.

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financial advice, Financial Planning, SMSF

Advised SMSFs hit all-time low

SMSF Financial advice Vanguard Investment Trends Irene Guiamatsia

The number of advised SMSFs has dropped to an historical low, with advisers being urged to reconsider how they offer services to existing and new trustees and fund members.

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financial advice, Financial Planning

Budget fails to address advice issues

Budget Financial Advice Association Australia FAAA compensation scheme of last resort ASIC levy Advice fees tax deduction Dixon Advisory

Industry bodies have criticised the government for continuing to neglect key industry concerns in handing down the 2024/25 federal budget.

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financial advice

Qualified advisers could grow specialist pool

Stockbrokers and Investment Advisers Association Financial advice UniSuper Andrew Gregory Euroz Hartleys Amanda Bryce

The introduction of the qualified adviser into the industry could be the catalyst for increasing specialised practitioners in the future.

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financial advice, Financial Planning

FAAA wants CSLR funding clarity

AFCA CSLR Dixon Advisory FAAA Financial Advice Association Australia compensation scheme of last resort

The FAAA has once again called on Treasury to explain why advisers should be forced to fund compensation claims arising from the Dixon Advisory case.

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ASIC, financial advice

ASIC freezes SMSF adviser’s assets

ASIC Sunny Prakash SMSF Assets frozen

ASIC has frozen the assets of an SMSF adviser and auditor following concerns about activities in relation to the trading accounts of his clients.

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financial advice

Experience drain not biggest advice issue

industry experience financial advisers FAAA Financial Advice Association Australia

The reduction in the number of financial advisers with significant industry experience is not the most worrying trend affecting the sector.

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financial advice, Technology

FSC forms digital advice group

Financial Services Council Digital Advice Expert Group

The Financial Services Council has formed a new membership group to help promote the use of digital advice and form policies that support the reform of the sector.

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ASIC, financial advice, Regulation, Superannuation

ASIC to scrutinise super switching

Superannuation switching ASIC Referral arrangements Enforcement priority

Advice regarding the switching of superannuation membership from one fund to another is an area on which ASIC will be focused this year.

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Compliance, Education, financial advice

Adviser exam pass rate improves

ASIC Financial adviser exam

There has been a slight improvement in the number of candidates passing the most recent financial adviser exam overseen by ASIC.

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