Practice Growth
Industry governance, association activity, and self-regulation across Australian financial advice and asset management.
Safe harbour steps to go as Levy sticks (mostly) to the advice reform script
Levy made no major deviations in her final suite of proposals, with Treasury left to mull on a blueprint for reform that should usher in a less prescriptive,...
Ex-heads of advice associations line up to plump for merger
The old guard of advice representation has implored the combined membership groups of the AFA and FPA to vote 'yes' in the upcoming merger vote.
'No compromises': Levy details advice review mindset
"I don't think anyone told me that things are going well," said Michelle Levy of the advice review consultation process. Despite being given disparate views on...
'Easy wins' not enough for QOAR: Joint advice association group
In a letter released by the group Thursday it said "urgent action is needed", and called the government's impending response a "rare opportunity to deliver...
ASIC hits Vanguard funds over 'greenwashing' tobacco claims
The Australian Securities and Investments Commission is making good on promises to combat greenwashing, issuing its second set of fines against a company for...
Levy's advice proposals get heavy hitting advocacy lift
The Financial Services Council and its provider members are putting their weight behind the advice review leader's suite of reforms as the December 16 delivery...
Good advice foundation to shift from 'reasonable benefits' to 'fit for purpose': Levy
Review leader Michelle Levy said the proposals need to look at the "full universe" of providers. If 'good advice' is to replace best interests duty while also...
'The destination is what's important': FPA/AFA chart next stage of merger plan
The draft documents to be handed out in December will contain information members can use to assess whether a union between the two groups is the best way...
Leaders sound consolidated alarm on the rise of consumer harm in financial services
The financial services minister is looking at tackling scammers at the source: "Does our barista down the corner really need my email address, my bank details,...
Report demands greater transparency on de-banking
A new report has identified "blanket de-banking" of certain sectors, and reminded the banks that commerciality must be balanced with corporate social...
SMEs persist with advice subsidy push to new government
It was a COVID-inspired idea that fell foul of the electoral cycle, but the nation's small business advisory peak bodies continue to push for subsidised advice...