Practice Growth
Industry governance, association activity, and self-regulation across Australian financial advice and asset management.
FSC bulks up its financial adviser representation stocks
While known for being the flagbearer for financial product providers, the Financial Services Council is now making serious inroads into the financial advice...
Industry 'backed up', waiting to invest in QAR reforms amid election uncertainty
The government's reform package may be flawed, but it's crucial that the first tranche goes through parliament before the next election, Abood said. Further...
CSLR adds to the burden on industry it's meant to support: FAAA
There are several bones of contention that the FAAA, and the industry more broadly, has with the compensation scheme's settings, despite supporting it in...
Advice review to help consumers move up advice 'continuum': Panel
Bringing super funds and other institutions into the advice ecosystem should benefit consumers by creating an organic path for them to follow as their needs...
The 6 ways policymakers can fix advice in the 2024/25 budget: FAAA
The collation of issues is an important marker for how many areas of advice legislation still need improvement for the industry to thrive, with fairness at the...
Jones' advice dilemma: How to foster Holden advice provision in a Rolls Royce industry
The concept of a 'qualified adviser' with less qualifications provoked an industry backlash. While the government has signalled it is open to discussion, the...
Financial complaints soar, but advice no longer the driver: AFCA
The number of cases being escalated to the complaints authority is soaring, but as we approach the 5-year anniversary of the Hayne Royal Commission it's clear...
Instos to re-enter advice, SOAs scrapped in landmark reform package
The government will now follow through on Levy's proposal to bring licensed financial institutions back into the advice fold, while also agreeing to...
'Really concerned': Jones admits worry over QAR draft, stands by advice reform schedule
"I was really worried people would say ‘Is that all?'" the minister said, before explaining that he didn't want to submit key compliance reforms until they...
Code of Ethics important, but it won't supplant the Safe Harbour Steps
The government's position on what to do with the Safe Harbour Steps is no longer clear, but the chances of seeing it supplanted by the existing Code of Ethics...
Advice reform stalls as Jones dithers on SOA, safe harbour changes
Even with a lightened agenda, the government failed to finish its homework and instead delivered only a portion of the first tranche of advice reforms. It's a...