News : Financial Planning

financial advice, Financial Planning

Budget fails to address advice issues

Budget Financial Advice Association Australia FAAA compensation scheme of last resort ASIC levy Advice fees tax deduction Dixon Advisory

Industry bodies have criticised the government for continuing to neglect key industry concerns in handing down the 2024/25 federal budget.

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financial advice, Financial Planning

FAAA wants CSLR funding clarity

AFCA CSLR Dixon Advisory FAAA Financial Advice Association Australia compensation scheme of last resort

The FAAA has once again called on Treasury to explain why advisers should be forced to fund compensation claims arising from the Dixon Advisory case.

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financial advice, Financial Planning

Fee consent form sign-off unnecessary

FAAA advice fee consent form sign-off

The FAAA has called for an end to financial product providers verifying fee consent forms provided by an adviser who has already gained their client’s consent.

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financial advice, Financial Planning

New adviser class insulting to sector

Financial advice qualified advisers Stephen Jones QAR IFPA

A proposal to create a new class of financial adviser is an insult to those who have attained high-level qualifications and the government should reconsider its plan.

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financial advice, Financial Planning

Govt to create new advice class

Quality of Advice Review QAR financial advice qualified advisers Stephen Jones Angus Taylor

In an effort to meet the need for financial advice, the government will allow financial institutions to provide it through in-house advisers with lower education standards than those in the current advice regime.

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Estate Planning, financial advice, Financial Planning

Need for wealth transfer help common

wealth transfer financial legacy

Many Australians who have yet to retire are actively looking at how they can pass on money to their successors, with the lack of information creating opportunities for advice.

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Education, financial advice, Financial Planning, SMSFA

Specialisation can meet advice demand

SMSF Association specialist education financial advice

The SMSF Association has called for more advisers to consider specialist training to take advantage of the growth in the sector and the related demand for advice.

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financial advice, Financial Planning

QAR receives subdued response

Quality Advice Review government response

The inherent flaws in the government’s approach to implementing the recommendations of the Quality of Advice Review have been called out.

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financial advice, Financial Planning, Technology

Advisers adopt more tech as numbers shift

advisers technology

Advisers are adopting more technology as the number of their peers decline and their client bases continue to increase in size.

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financial advice, Financial Planning

Industry raises concerns with Jones

Financial practitioners from six industry bodies have put forward their view on advice changes to the government in a series of forums with Financial Services Minister Stephen Jones.

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