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FAAA pulls up ABS on advice occupation classification, proposes new definition

The bureau's financial advice role definition is not up to scratch, the FAAA says, and conflates the role of a financial adviser with an investment adviser. A...

What advisers should focus on as a new regulatory horizon dawns

Advisers need to be in lockstep with what is an ever-changing slate of priorities for the corporate regulator, and right now that means ticking a particular...

FAAA to consult with Treasury over CSLR 'unintended consequences'

While the minister has remained relatively mute on the obvious issues with the CSLR, he will at least allow the association to discuss the scheme's flaws with...

The FAAA's 'Angry Anderson' sounds off on Dixon Advisory drama

Appropriately enough, it took a regulatory breakdown to finally ruffle the policy chief's feathers. In the first of a series of whitepapers aimed at collating...

Time's up on sloppy FAR record keeping: ASIC

Licensees were given a month to clean up the information they provided to ASIC about adviser qualifications and training. That time is up, and enforcement...

CFD market 'active' again after ASIC crackdown

Contracts for difference are sophisticated investment tools that can magnify both gains and losses, which is why the regulator

'This can't be left here': FAAA calls for public inquiry into Dixons

There are several aspects to the treatment of the case that don't add up, the association's policy lead says, and a transparent public inquiry is more than...

Advisers slugged with $2,878 levy as industry gets behind funding model reform

The government now has two internal reports recommending an overhaul of the industry funding model. Yet they appear destined to sit on the shelf "gathering...

Two tweaks to DBFO bill set industry at ease on super in advice rule changes

The government addressed perceived ambiguity around advice fee deduction from member accounts by pulling out two statements from the bill that essentially...

Advice group United Global Capital's assets frozen amid ASIC investigation

The freeze order isn't UGC's first engagement with the regulator. It was among the first to be pinged for not meeting the Design and Distribution Obligations...

Proposed financial abuse hub to help advisers identify and manage cases

Advisers are uniquely positioned to identify and alleviate financial abuse cases, but they need support and an action framework according to the association.