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Advisers urged to tread carefully with 'wholesale investor' status

Specialist self-managed super fund advisers need to tread cautiously before giving a client "wholesale investor" status.

Insider trading, market manipulation and cyber security lead ASIC action

The corporate regulator has released its enforcement and regulatory update for June 2022, during which it launched a series of litigations targeting...

SOAs do little to address information asymmetry

While the focus of the advice industry groups has very much been around making the day to day lives of those in the industry easier, the likes of the AFCA,...

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...

Quality of advice review focused on advisers, not consumers

As one of the lawyers at the coalface of supporting impacted consumers both before and after the revelations of the Royal Commission, Maurice Blackburn is in a...

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...

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.

One in two advisers now embracing ESG

"Greenwashing" has once again been highlighted as the major challenge for the financial advice industry when it comes to embracing responsible and ethical...

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...