News : financial advice

financial advice, Legislation

Accountants call for end to adviser exam

Financial adviser exam Quality of Advice Review Chartered Accountants Australia and New Zealand CPA Australia

Two industry bodies have urged Treasury to consider removing the financial adviser exam administered by ASIC.

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ASIC, financial advice

Thousands of advisers still unregistered

ASIC Financial Advisers Register FAR Financial Advice Association Australia FAAA

Many financial advisers have yet to fulfil their requirement to register with ASIC, even though the final deadline for registration is just a little over two weeks away.

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Education, financial advice

SMSFA pushes for lower adviser exam fee

SMSF Association financial adviser exam Treasury consultation costs reduction

The SMSF Association has requested a reduction in the sitting fee for the financial adviser exam and backed a government proposal to change certain provisions of the test.

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Education, financial advice

FAAA backs adviser exam changes

Financial Advice Association Australia FAAA Sarah Abood Financial adviser exam

The peak industry body for the financial advice profession has strongly supported proposed changes to the financial adviser exam.

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financial advice

FAAA sets out focus areas for 2024

FAAA Advocacy Financial advice Financial advisers

The Financial Advice Association Australia has highlighted making financial advice more affordable and attracting more advisers to the profession as key focus areas for 2024.

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Accounting, financial advice

Opposition looking at accountants advice

Quality of Advice review QAR accountants financial advice Angus Taylor

The opposition is looking at how accountants can be included in the provision of financial advice after noting their absence from industry reforms.

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financial advice, Regulation

Adviser exam changes a positive step

ASIC Financial adviser exam Financial advisers

A proposal to streamline the financial adviser exam will help bring more advisers into the profession and provides a more objective measure of the abilities of new entrants.

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financial advice

Initial compensation levy tops $240m

Compensation Scheme of Last Resort CSLR levy

The estimated cost of unpaid compensation for past financial misconduct to be paid by banking and insurance groups has been released, but still requires government approval.

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Accounting, financial advice

Advice barrier to entry needs fixing

AFSL Accountants Financial advice New entrants supervision

A significant influx of accountants into the financial advice sector will not happen unless a fundamental licensing requirement is changed.

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ASIC, Compliance, financial advice

Ex-directors sanctioned for SMSF dishonesty

Mudasir Mohammed Naseeruddin Mark Andrew Cooper SMSF ASIC Banned

A former company director who persuaded investors to transfer their super into SMSFs to use the funds for his own benefit has been sentenced to jail, while another has been slapped with a ban.

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