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'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...

Industry innovates on advice access models while Govt dithers on reform

The move from Viridian and CFS to provide personal advice in a scaled manner highlights a growing willingness within the industry to fix its own problems in...

'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...

FAAA resets strategic priorities for new advice era, with growth on the agenda

The merged association has added a new core driver to its strategic objectives for the next six years, with growing the profession now a top priority. But the...

Comprehensive advice demand surges in the US, average adviser manages $822M

The US advice system is the largest in the world, and the trend towards more comprehensive advice provision is a significant harbinger of a global shift...

FSG exemption back in play after ASIC fixes Treasury's DBFO reform blunder

It came as a relief instrument rather than the expected guidance note, but ASIC's move still managed to give advisers the surety they need to legally use the...

Why we should pay less attention to benchmarks, and more to value creation

The benchmarks that are supposed to measure performance and create alignment with end investors are working against asset managers, and the industry must find...

FSG exemption 'almost entirely redundant': Lawyer

For advisers that have already started relying on website disclosure, the unclear legislation "may or may not" be an issue, the Cowell Clarke lawyer explained....

What is the real value of managed accounts in an advice practice?

Managed accounts may be just "one lever of many" that advisers can use to increase scalability in their practice, but the advantages they offer to both clients...

Compliance salaries surge as super funds, private capital hunt for risk talent

Compliance staff have been in high demand for a few years now, but the rise of industry super funds and the private capital sector has created even more demand...