Practice Growth
Industry governance, association activity, and self-regulation across Australian financial advice and asset management.
Aussie Super prompts more Bragg ire over New Daily
Industry fund-owned ‘The New Daily’ is once again in political hot water after a controversial deal with AustralianSuper to auto-subscribe 800,000...
FPA calls for 'true' professional regulation of financial advisers
As part of the government’s commitment to ensure Australian’s can access quality financial advice, a new disciplinary system for financial planners...
The end is nigh for the SOA as we know it
As highlighted in our article recently covering the formation of the ‘single disciplinary body’ to govern and regulate individual financial...
New regulatory framework taking shape for advisers
April may well be remembered as the beginning of the next phase of financial advice in Australia. While the establishment of FASEA may have had far reaching...
Life Insurance Framework review moved to Treasury
Towards the end of last year, ASIC began preparations to request relevant documentation from major dealer groups around life insurance advice. This year is a...
ASIC delivers certainty on consent and 'lack of independence' disclosure
The corporate regulator, ASIC, has continued its busy start to the year, releasing three legislative instruments this week stemming from the recommendations...
Annual renewals bill passes both houses of Parliament
The Financial Sector Reform Bill (Hayne Royal Commission Response No. 2) Bill finally passed both houses of Parliament on Friday, as the professional standards...
PIMCO caught in fake bond scam
PIMCO Australia last night (February 22) warned advisers nationally that its name had been used in bond scams which ASIC uncovered in January. They are...
Affordable advice review offers an opportunity for change
Financial advice industry bodies including the SMSF Association (SMSFA), Association of Financial Advisers (AFA), and Financial Planning Association (FPA) have...
Adviser losses not reflective of industry progress
The beginning of 2020 has been dominated by headlines of mass adviser departures from the industry, with the number of registered advisers having fallen to...
Annual opt-in confirmed, but more flexibility
It was a busy day for the Federal Government, announcing the proposal to disband FASEA, introduce lack of independence disclosure requirements and then...