News : financial advice

ASIC, Compliance, financial advice, Financial Planning

Adviser convicted for dishonesty

May 19, 2025

Financial adviser, superannuation, dishonest conduct, David Mario Valvo, Downing Centre District Court, Your Financial Freedom, ASIC, Wealthtrac

A former adviser who accessed clients’ superannuation accounts using false documents has been convicted of dishonest conduct and forced to repay his clients.

Advisers urged to update FAR details

Thousands of advisers are in danger of not being able to practice beyond 2025 as they have failed to update their education details on the FAR.

May 15, 2025

Lara Caughey

Thousands of advisers are in danger of not being able to practice beyond 2025 as they have failed to update their education details on the FAR.

Advisers leaning into AI use

Australian financial advisers are using AI at higher rates than their international peers and considered it an effective tool for communication and reducing costs.

May 14, 2025

Lara Caughey

Australian financial advisers are making more use of AI at than their peers overseas and consider it effective for communication and reducing costs.

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financial advice, Financial Planning

All advice reforms require consultation

The SMSF Association has called for the government to release a complete package of advice reforms for consultation before their implementation.

May 12, 2025

Lara Caughey

The SMSF Association has called for the government to release a complete package of advice reforms for consultation before their implementation.

Retirement advice too complex for super funds

Financial Advice Association Australia, FAAA, Delivering Better Financial Outcome, DBFO, Treasury, retirement, financial advice, superannuation funds, simple advice, complex advice, collectively charged advice, intra-fund advice

May 7, 2025

Lara Caughey

Retirement planning guidance should not be provided by super funds as it is too complex to sit under a simple advice model and requires a qualified practitioner to deliver.

Calls for reform greet govt return

Industry groups have responded to the re-election of the Albanese government by calling for advice and tax reforms to be introduced during its second term in power.

May 6, 2025

Lara Caughey

Industry groups have responded to the re-election of the Albanese government by calling for advice and tax reforms to be introduced during its second term in power.

Collective advice model inequitable

Collective advice, superannuation funds, fee-for-no-service, Institute of Financial Professionals Australia, IFPA, Delivering Better Financial Outcomes, APRA funds, intra-fund advice, fee-for-service

May 5, 2025

Jason Spits

Collectively charging super fund members for advice was unfair to those who did not use it and opened the door for a return of fee-for-no-service arrangements.

Govt must start advice reform

The FAAA has called on the government to implement a number of key reforms to the advice sector following its return to office in the federal election over the weekend.

May 5, 2025

Lara Caughey

The FAAA has called on the government to implement a number of key reforms to the advice sector following its return to office in the federal election over the weekend.