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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 lays down the law on 'greenwashing'

With economies around the world all seeking to decarbonise, business has a critical role to play in the race to meeting Net Zero commitments.

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...

Regulator flags drop in Supervisory Levy

After five years of compounding compliance and regulatory requirements combined with higher costs in every part of their business there are a number of...

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,...

'Let professionals be professionals': The call ahead of Quality of Advice Review

Given the flood of changes and regulatory oversight that has resulted from the Royal Commission, it likely comes as a surprise to many that the impending...

Financial Services Council flags priorities for Advice Review

There is growing pressure on the long-awaited Quality of Advice review to deliver real change to an industry that has been saddled with layer after layer of...