The FPA has clarified its recommendation to dismantle the AFSL system for advisers and replace it with individual registration.

The FPA has revealed a new strategic direction and changes to its team structure as part of an effort to better reflect the financial advice industry.

Specific licensee policies need to be considered before practitioners decide to use the compliance documentation relief measures regarding early access to super, an SMSF board member has said.

Stakeholder groups have welcomed the government’s move to defer the implementation of measures relating to the banking and financial services royal commission.