News : Financial Planning

Financial Planning, Superannuation

Reforms highlight super suitability

The super reforms have placed an emphasis on the extent of the role superannuation should play in an individual’s wealth-building strategy, highlighting an issue that should have been addressed when the last set of significant changes to the retirement savings system were implemented, a technical expert has said.

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Accounting, Education, Financial Planning

CAANZ pleased with FASEA requirements

Chartered Accountants Australia and New Zealand (CAANZ) today welcomed the release of the Financial Adviser Standards and Ethics Authority’s (FASEA) draft legislation for five out of the seven standards.

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Financial Planning, Superannuation

Advisers acknowledging younger SMSF cohort

Practitioners in the SMSF space are recognising the shift from older trustees to younger trustees and are working to gain an understanding of their specific needs, according to the SMSF Association.

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Accounting, Financial Planning, Investments

Licensing regime a one-dimensional view on advice

The limited licensing regime for accountants is proving to be too onerous and has failed to recognise financial advice is not a monolithic unit, according to new online marketplace and platform offering OpenInvest.

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Education, Financial Planning

FASEA publishes two new legislative instruments

The Financial Adviser Standards and Ethics Authority (FASEA) has issued two additional legislative instruments for consultation, with one covering the relevant providers degrees, qualifications and courses standard.

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Accounting, Education, Financial Planning

FASEA lacks limited licensee details

The latest round of legislative instruments and the updated standard blueprint from the Financial Adviser Standards and Ethics Authority (FASEA) provide little to no help to those providing SMSF advice under limited licences, according to wealthdigital.

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Education, Financial Planning

FASEA implementation for existing advisers unclear

The SMSF Association has expressed strong concerns about how the new education and ethical standards will apply to existing financial advisers following the release of a revised standards framework by the Financial Adviser Standards and Ethics Authority (FASEA).

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Education, Financial Planning

FASEA issues standards blueprint, instruments

The Financial Adviser Standards and Ethics Authority (FASEA) has released its revised standards framework for financial advisers, as well as two legislative instruments for work and training, or the professional year, and the provisional relevant provider expression.

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Accounting, Financial Planning, Regulation

Licensing framework fails to kick goals: report

The removal of the accountant’s exemption in 2016 has failed on the government’s objective of improving access to SMSF advice, with over 35 per cent of practices having no licence, according to a new study released today.

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Financial Planning

HNWI advice demand remains amid headwinds

A new industry report has found while the banking royal commission has well and truly dented consumer confidence and trust, high net worth individuals (HNWI) still see the benefit of financial advice.

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