News : Financial Advice

Education, Financial Advice

Consultation on education reform opens

The government is seeking feedback on proposed reforms to financial adviser education standards that simplify some requirements.

The government is seeking feedback on proposed reforms to financial adviser education standards that simplify some requirements.

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ASIC, Financial Advice, Investments

ASIC urges gen Z caution

ASIC is recommending people in the generation Z demographic to 'sense check' financial information they might view on social media.

ASIC is recommending people in the generation Z demographic to ‘sense check’ financial information they might view on social media.

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Financial Advice, fraud, SMSF, Superannuation

Practitioners obligated to recognise abuse

Practitioners will be called upon to help identify financial abuse related to the use of an SMSF, with new rules expected soon.

Practitioners will be called upon to help identify financial abuse related to the use of an SMSF, with new rules expected soon.

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Financial Advice, SMSF

Coach seekers on the rise

SMSF members who are looking to partner with a professional to help run their super fund are expected to play a bigger role in the sector.

SMSF members who are looking to partner with a professional to help run their super fund are expected to play a bigger role in the sector.

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AFCA, Financial Advice, Investments, Regulation, SMSF

Wholesale investor definition is the law

AFCA has stated its view that SMSFs are wholesale investors is based squarely on the law and it has yet to see a viable counterargument.

AFCA has stated its view that SMSFs are wholesale investors is based squarely on the law and it has yet to see a viable counterargument.

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Financial Advice, Financial Planning, Investments, SMSF, Superannuation

Record number of AFCA actions in 2025

Consumers registered a record number of actions with AFCA in 2025, with many originating from the Shield and First Guardian collapses.

Consumers registered a record number of actions with AFCA in 2025, with many originating from the Shield and First Guardian collapses.

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AML, AUSTRAC, Financial Advice

New AML/CTF law can include client leads

Tranche 2 of the AML/CTF laws may impose obligations on practitioners that extend to clients declined during the assessment process.

Tranche 2 of the AML/CTF laws may impose obligations on practitioners that extend to clients declined during the assessment process.

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Financial Advice, Retirement

Retirees hit by shrinking advice sector

The rising cost of advice and the decline in the number of practitioners means retirees are unable to get help at a critical stage of their life.

The rising cost of advice and the decline in the number of practitioners means retirees are unable to get help at a critical stage of their life.

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Financial Advice, Financial Planning, SMSF

Two key factors impacting set-up trend

Technology and an industry framework that is obsolete are key factors as to why individuals are establishing SMSFs without financial advice.

Technology and an industry framework that is obsolete are key factors as to why individuals are establishing SMSFs without financial advice.

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ASIC, Financial Advice, Regulation

Conflicted advice should be review focus

Any review of lead generators should also consider conflicted advice models, which have been the source of recent failures.

Any review of lead generators should also consider conflicted advice models, which have been the source of recent failures.

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