Practice Growth
Industry governance, association activity, and self-regulation across Australian financial advice and asset management.
Experience pathway to perpetuate poor advice industry image: FPA
Implementing the current proposal for 'experienced' advisers to skip the relevant degree mandate will do far more harm than good, the association argues, with...
Gambling operator woes highlight draconian advice industry regime
The inability of major casino operators - and many other 'respected' professions - to run a clean sheet is galling for an advice industry beset with stifling...
FPA/AFA cultural divide 'more perception than reality': Abood
CEOs at the soon-to-merge associations say the two groups have become more aligned over the years. AFA members are no longer die-hard 'riskies', and the FPA...
'Good advice' duty suits lawyers & product issuers more than advisers
As romantic as it may be to proclaim the emergence of an advice profession and to suggest that a 'good advice' duty is a panacea for systemic failures, the...
'Now's the time': FPA, AFA announce merger plans
Prompted by advice industry rationalisation, the Levy review and the need for a united voice in Canberra, the two major associations will invite members to...
SOAs to go, advice upended in review proposal paper
Advice is set for a dramatic shift towards deregulation, with the Levy proposal paper sketching a plan to ditch statements of advice and best interest duty in...
FPA seeks urgent extension of ASIC levy freeze
The association is calling for an immediate continuation of ASIC's industry levy relief and a fairer approach to costs for planners.
ASIC levy review targets adviser 'time-lag' issue
The review will consider "the consequences of time lags between regulatory action and cost allocation", the terms of reference states.
Holes revealed in new fund disclosure regulations
Morningstar has released a research paper citing how "abysmal" Australia's portfolio holdings disclosure requirements are for superannuation funds.
Advice complaints trend remains positive
The fact that just 281 complaints were lodged about 'failure to act in client's best interests' and 241 for the providing "inappropriate advice', shows the...
Federal Government pauses YFYS rollout
News that the rollout of the Your Future Your Super (YFYS) test beyond My Super products would be paused has been met with positive and negative commentary...