News : financial advice

financial advice, Regulation

Advice reform regulations tabled

Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 Delivering Better Financial Outcomes Quality of Advice Review QAR

Regulations to deliver on reforms proposed in the Quality of Advice Review have been tabled by Treasury, with some taking immediate effect.

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ASIC, financial advice

FAAA urges MPs to support Dixon inquiry

FAAA Financial Advice Association Australia Dixon Advisory Compensation Scheme of Last Resort CSLR Sarah Abood Phil Anderson Public inquiry

The Financial Advice Association Australia has written to every member of parliament asking them to support its call for an inquiry into the collapse of Dixon Advisory.

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financial advice

FAAA upgrades planner search tool

Financial Advice Association Australia FAAA Find a planner Money & Life Tania Milnes

The Financial Advice Association Australia has enhanced the tool consumers can use to find a planner, making it easier to search by a range of criteria and allowing them to personalise the information available.

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Business News, financial advice, Technology

IFPA signs digital advice partnership

IFPA Institute of Financial Professionals Australia Pippa McKee MoneyGPS George Haramis single-topic financial advice digital advice

The Institute of Financial Professionals Australia has created a new partnership that will allow its members to offer online advice without needing to hold their own licence.

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ASIC, financial advice

Ex-SMSF adviser jailed for dishonest conduct

SMSF adviser dishonest conduct Bradley Grimm ASIC Banning Ostrava Equities

Action to ban an adviser for dishonest conduct in 2016 has reached its conclusion with the former practitioner sentenced to 18 months’ imprisonment.

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financial advice, Financial Planning

Advice boosts value for clients

Financial advice Value of advice Russell Investments Neil Rogan Value of an Adviser Report

Financial advice added around 6 per cent more value to clients in the past year, with the key aspect being the professional direction and guidance advisers provide.

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financial advice

Second Dixon-style case looming

Financial Advisers Association Australia FAAA Sarah Abood Dixon Advisory Libertas Financial Planning Compensation Scheme of Last Resort CLSR

The FAAA has raised concerns that a second listed financial advice group may have walked away from its compensation commitments, highlighting problems with the CSLR funding model.

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ASIC, financial advice

Ex-adviser guilty of $6m fraud

ASIC Ben Jayaweera Growth Plus Financial Group SMSF fraud

A former Brisbane-based financial adviser has been convicted of defrauding investors out of nearly $6 million after convincing them to withdraw money from their SMSFs.

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financial advice, Regulation

FAAA raises CSLR issues with Jones

CSLR Compensation Scheme of Last Resort FAAA Financial Advice Association Australia Dixon Advisory Stephen Jones

The FAAA has met with Treasury to press for action on its key concerns regarding the Compensation Scheme of Last Resort.

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Compliance, financial advice, Tax

Tax agent code consultation non-existent

Joint Bodies Tax Agent Services (Code of Professional Conduct) Determination Tax Practitioners Board Stephen Jones Matthew Addison SMSF Association

A group of 10 industry bodies has rejected claims by the government that it consulted with the sector over changes to the tax agent code of conduct.

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