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Ombudsman seeks to simplify complaint treatment

The Australian Financial Complaints Authority, the external dispute resolution group of which all financial advisers must be members, this week announced...

Stability, simplification, abolition of Safe Harbour, FDS proposed

"We are at a critical crossroad, with an aging population, and the "Great Australian Wealth Transfer" at our doorstep" explained Lifespan Financial Planning...

Funding model, wholesale test lead FPA's election platform

The Financial Planning Association (FPA) has outlined its policy platform, or target areas for the next Federal Government.

Financial Planning Association backs finfluencer crackdown

ASIC’s recent crackdown on “finfluencers” spruiking online financial advice through social media channels without proper licensin, has been...

Switch to regtech - ASIC to finfluencers

ASIC says Regtech could be a great solution after it effectively banned finfluencers from giving unlicensed financial advice with hefty prison time and...

Stockbrokers association drops financial advice monitor

The Stockbrokers and Financial Advisers Association (SAFAA) is changing its name to the Stockbrokers and Investment Advisers Association (SIAA). The subtle...

ASIC warns fundies on "misleading" marketing, wholesale exemption

The Australian Securities and Investments Commission (ASIC) has cast a spotlight on the managed funds industry by commencing surveillance into the marketing of...

Finfluencers warned on the blurred line of financial advice

The financial services industry has not been immune from the socialisation and digitisation trend, with finfluencers now among the most powerful voices in the...

Strong support for the newly formed The Principals' Community

The Principals’ Community, steered by Kon Costas, has received strong support from the independent advisory community after parting ways with BT...

Quality of advice terms confirmed, appoints Levy as Chair

Year after year of growing compliance requirements placed on the financial advice sector likely came to a crescendo with the Financial Services Royal...

Abolish safe harbour, increase wholesale to $5m should be priorities

The Financial Services Council, which represents more than 100 member companies and is the peak body for the corporate financial services sector this week...