Practice Growth
Industry governance, association activity, and self-regulation across Australian financial advice and asset management.
Retirement calculators 'must not advertise or promote' product: Regulators
Under the updated RG276, ASIC has made it clear that any retirement calculator must be agnostic to product.
Release reins of general advice to reset market: Vanguard
The closing of submissions for the Quality of Advice review saw a flurry of detailed proposals released in recent weeks.
Regulator warns underperforming funds on member comms
Bringing oversight to a multi-trillion dollar sector was important, but the regulations are far from perfect, with many suggesting they effectively direct...
Associations band together to reset advice regulation
As submissions were released this week, they were accompanied with commentary from several industry leaders about the massive burden and challenges being place...
Magellan, Franklin Templeton changes lead appointments this week
Australia's unemployment figures remained steady at 3.9 per cent for May despite more than 61,000 people entering the workforce. The extra workers that have...
Put client consent on hold for three years: AFA
June 10 was the closing date of what may well become the most important review of the financial advice industry in its short history
FPA flags tax deductibility and removing duplication in QAR submission
The day-to-day life of a financial adviser could soon be a lot easier, after the Financial Planning Association of Australia (FPA) called for an urgent...
ASIC updates guidance for 'warnings and reprimands'
ASIC has just released an information sheet allowing it to issue warnings and reprimands to financial advisers that do the wrong thing. If you're a financial...
AFCA confirms a new user pays model to cover costs
Following on from last week's article titled, 'Ombudsman seeks to simplify complaint treatment,' The Australian Financial Complaints Authority (AFCA) today...
Adviser numbers forecast to fall below 15k
The exodus of financial advisers from the industry is set to continue into 2022, according to research undertaken by Adviser Ratings, who in partnership with...
Pressure builds on greenwashing with SEC to tighten screws
It appears that regulators around the world are getting more serious on ESG, with the US Securities Exchange Commission, similar to Australia's ASIC,...