News : Financial Planning

Financial Planning, Regulation

FPA wants AFSL system dumped

FPA AFSL system

The AFSL system for financial planners should be replaced by a new framework focusing on individual registration through a single disciplinary body, the FPA says.

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Accounting, Financial Planning

Advice services need post-COVID-19 focus

post-COVID-19 advice

The COVID-19 downturn has demonstrated the value of professional advice, but practitioners should be preparing for clients’ post-lockdown needs.

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Financial Planning, Superannuation

COVID-19 changes challenge trustees, advisers

COVID-19 changes trustees

COVID-19-related legislative change has become an area of added concern for SMSF trustees and advisers, who have increased their requests for expert assistance.

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Financial Planning

FPA unveils changes to strategy, structure

FPA strategy structure

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.

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Auditing, Financial Planning, Superannuation

Auditors on early access notice

auditors early access

Auditors have been called upon to report attempts to rort the early access scheme, while advisers have been warned not to promote services that provide access.

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Financial Planning

COVID-19 advice ROA has licensee obligations

Early access super advice

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.

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FASEA, Financial Planning

AFA urges ALP to pass exam extension bill

FASEA exam extension

The AFA has called on the ALP to pass a bill that will extend the FASEA exam timetable after the party added an amendment at the eleventh hour.

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Financial Planning

Bodies welcome royal commission deferment

royal commission deferral

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

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Financial Planning

Client newsletters not soliciting

newsletters early access

An SMSF Association discussion panel has said it is unlikely the anti-soliciting provisions regarding the COVID-19 early super access advice will include client newsletters.

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Financial Planning, Superannuation

New ROAs put onus on clients

early access advice

Template record of advice (ROA) documents released by five professional bodies have made it clear early access advice will be limited and at the request of consumers.

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