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Senate inquiry highlights challenge facing advisory market

The Compensation Scheme of Last Resort, or CSLR, has become something of a lightning rod for the finance industry in 2022; and yet we are less than a month...

Dixon Advisory files for voluntary administration

On Wednesday, Dixon Advisory & Superannuation Services, the division of ASX-listed E&P Financial Group (ASX:EP1) that was focused on delivering...

Time to take a stand on punitive financial advice compliance

Dissatisfied with the way in which financial advisers are being treated, the Association of Independently Owned Financial Professionals (AIOFP) has taken a...

Labor to scrap FASEA education requirement

“An Albanese Labor government will properly recognise your experience,” were the words of Labor spokesman Stephen Jones this week when presenting...

ASIC launches financial advice hub

These days, becoming a financial adviser is no easy feat. Following the banking and financial services Royal Commission, the bar was raised, with higher...

As adviser numbers dwindle, pressure turns to industry funds

As the FASEA exam deadline of 1 January 2022 nears, the significant impacts on the financial advice industry continue to garner headlines. According to...

ALRC seeks to reduce 'undue complexity' in financial services laws

“Undue complexity”. “Byzantine complexity”. “Elephantine proportions”. These are just a few of the superlatives used to...

Adviser complaints continue to fall

It was a busy week for the now three-year-old Australian Financial Complaints Authority (AFCA). Among the most important institutions in the financial advisery...

Industry fund transparency push to level the playing field

There was both despair and positivity when the much-anticipated changes to the transparency of industry super fund proposals was released recently. Both 2020...

ASIC sends a warning to finfluencers and their partners

ASIC has put financial services companies and fintech start-ups on notice, warning them against paying finfluencers to advertise products and services. So if...

Standard 3 review the last order of business for FASEA

The soon-to-be-disbanded Financial Adviser Standards and Ethics Authority (FASEA) is finishing its reign with a flurry, announcing a review of the much-derided...