Practice Growth
Compliance news and analysis for Australian financial advisers, covering ASIC, AFCA, and emerging regulatory requirements.
- Amanda Mark
- Ben Walsh
- Catherine Evans
- Complii
- Contributor
- Cristina Lee
- Drew Meredith
- Giselle Roux
- Greg Bright
- Helen Nan
- Ishan Dan
- James Dunn
- Jamie Nemtsas
- Kevin Pelham
- Lachlan Maddock
- Laurence Parker-Brown
- Lisa Uhlman
- Nicholas Way
- Nicki Bourlioufas
- Sean Graham
- Staff Writer
- Tahn Sharpe
- The Inside Adviser
'But for' compensation stoush brews between the FAAA and AFCA
AFCA stands by the use of its "But for" methodology to calculate compensation payments, despite the FAAA's protestations. Clients will get paid what they lost,...
New class of advisers limited to prudentially regulated products: Jones
Most of what Jones announced was already known, including a new class of advice. But a few key elements – related to adviser education, product limitations...
Shield Master Fund investigation has ASIC worried about adviser 'professional judgement'
"I wish I could say this is an isolated example," Kirkland said, explaining the regulator's concern about a small cohort of advisers who transfer client funds...
‘So much wrong’ with CSLR, but Treasury not inclined to act
The industry has little chance of fighting through the legislative backlog and getting immediate wholesale change made to the ill-designed CSLR. There are...
What advisers want the new class of advisers to look like
The likely advent of a new class of 'simple' advice providers will reshape the industry ecosystem. According to FAAA members, there are four key issues that...
'Reflect and reconsider': ASIC chair calls for complexity cull
The legislative threads surrounding financial services "look less like an elegant tapestry and more like a painting by Jackson Pollock", the ASIC chair said,...
'Pivotal moment' as greenwashing overtakes returns as key ESG concern
Amidst a healthy uptick in investment returns and consumer confidence, the ESG sector is coming to grips with increasing concern about greenwashing, which has...
Discovery and documentation the keys to sound compliance
While advisers and their licensees place most of their compliance eggs in the SOA basket, the real focus should remain on more robust client discovery and...
Jones announces immediate change to 'complex and confusing' CDR framework
Despite its potential and the massive investment behind it, the Consumer Data Right has had little impact due to a host of factors. Frustrated with its low...
FAAA doubles down on Indian advice tie-up through CFP partnership
As part of the strategic partnership, Indian CFP aspirants will have a pathway to gain qualifications that meet the Australian regulatory framework. It's a...
'More professional' adviser cohort sees AFCA complaint levels plummet
The amount of complaints against advisers that reach AFCA has plummeted in the authority's five years of operation, and it's not just falling adviser numbers...