News : Financial Planning

Financial Planning

Adviser Ratings updates scoring system

adviser ratings

Adviser Ratings has revamped the methodology it employs to rate practitioners to give consumers a better idea of financial services professional standards.

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Financial Planning, Regulation

Govt seeks Better Advice Bill industry input

Better Advice Bill

The draft Better Advice Bill has been opened to consultation from the financial services sector with regard to future adviser education requirements.

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FASEA, Financial Planning

RPL useful for adviser retention

RPL advisers

Greater recognition of prior learning should be used to retain advisers rather than forcing them to choose between quitting or extensive study.

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Financial Planning

COVID-19 drives practice change

COVID-19 SMSF advisers

Financial planners have significantly changed the methods by which they service their SMSF clients since the outbreak of the COVID-19 pandemic.

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Financial Planning

Communicating value of advice now critical

financial advice value

The experience in overseas markets like the UK shows communicating the value of advice will be key to the pursuit of success for practitioners.

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Financial Planning, Regulation

Government committed to red tape reduction

financial advice red tape

Reducing the amount of red tape hampering the provision of cost-effective financial advice will be a major focus of the quality of advice review.

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Financial Planning

Specialist oversight ignores FOFA reforms

specialist advisers FOFA

Not recognising specialist advisers ignores the intended outcomes of the FOFA reforms and shows the poor decision-making of FASEA.

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ASIC, Financial Planning

ASIC outlines plans to assist advisers

ASIC assist advisers

The chair of ASIC has reaffirmed the regulator’s focus on reducing red tape related to financial advice and outlined some new initiatives to assist practitioners.

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Accounting, Financial Planning

Legs and regs challenge worsens

regulation SMSF accountants

Legislation and regulations regarding the provision of financial advice are proving to be an increasing challenge for accountants servicing SMSFs.

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Financial Planning, Retirement

Advice for fund members not addressed

retirement superannuation advice

Super fund members have not been given adequate advice on how to spend their retirement incomes despite being told for years how to save for it.

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