News : Financial Planning

Education, financial advice, Financial Planning

Don’t delay education requirements

SMSF Association Keddie Waller Financial advice Financial advisers Education requirements Experienced pathway Authorized Relevant provider

Financial advisers who lose their authorisation should be aware of what education requirements they may need to meet to ensure they can still practise after the start of 2026.

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financial advice, Financial Planning

More urgency needed for Dixon inquiry

The government has been urged to accelerate the Senate inquiry into the Dixon Advisory collapse and its interaction with the CSLR.

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financial advice, Financial Planning

CSLR costs heavily criticised

Compensation Scheme of Last Resort CSLR Review SMSF SMSF Association Peter Burgess Financial Advice Association Australia Sarah Abood Financial Services Council Blake Briggs Dixon Advisory United Global Capital

The rapidly rising Compensation Scheme of Last Resort levy has been condemned as an extra burden on the advice sector that shows it is not operating as intended.

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financial advice, Financial Planning

Compo scheme to be reviewed

Treasury Compensation Scheme of Last Resort CSLR, Stephen Jones Assistant Treasurer Minister for Financial Services Dixon Advisory United Global Capital

The government will review the operations of the Compensation Scheme of Last Resort following a significant blow-out in its costs to the advice sector.

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financial advice, Financial Planning

CSLR levy to more than triple for advisers

Compensation Scheme of Last Resort CLSR ASIC financial advice David Berry

The estimated Compensation Scheme of Last Resort levy for advisers is set to exceed $70 million, with practitioners likely to be hit twice to fund its operations.

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financial advice, Financial Planning, Superannuation

Super objective unlikely to affect advice

Objective of superannuation, Delivering Better, Financial Outcomes, Financial advice, BT, Bryan Ashenden

The high-level nature of the objective of super is unlikely to impact advisers or even be reflected in the second round of the Delivering Better Financial Outcomes changes.

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financial advice, Financial Planning, Retirement

Retirement advice deductions possible

Tax deductions retirement Financial advice Colonial First State Craig Day

Practitioners should make greater use of new tax deductions available to clients where their super and retirement advice relies on applying taxation guidance to specific circumstances.

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financial advice, Financial Planning

Limit SMSF compensation to the fund

The FAAA has called for any money paid to an SMSF via the Compensation Scheme of Last Resort to be limited to the fund and not multiplied by the number of members it contains.

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financial advice, Financial Planning

Apply higher CSLR levy to phoenix firms

Financial Advice Association Australia FAAA CSLR Compensation Scheme of Last Resort Senate inquiry Dixon Advisory Phoenixing E&P Financial Group

Financial advice licensees that shut down firms to avoid paying compensation claims should be hit with an additional CSLR levy as a penalty for their behaviour.

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financial advice, Financial Planning

Govt cautious on new class name

A previous attempt by the government to name its proposed new class of adviser has left it cautious about trying again as it attempts to find an appropriate and acceptable title.

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