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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...

Final tally for FY24 adviser numbers revealed

Just when the quantum of registered advisers will bottom out is anyone's guess, but the final tally for FY24 could hardly be encouraging for a government...

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...

Super fund and limited license adviser losses prove a drag on numbers

The large advice provision models are holding up in terms of personnel, but super funds and tax advisers are repositioning their offerings as the cost to serve...

'It's not enough': New entrant numbers tank as FAAA proposes Adviser Academy

New entrants have "crashed" since 2019, and while less competition affords advisers the luxury of charging more, this doesn't equate to a healthy or prosperous...

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.

Confusion reigns as government hedges its bets on advice in super

The government's line on its proposed changes to advice in super is incongruous with the actual changes. You can't re-do the language embedded in the SIS Act...

Portfolios are (still) missing real diversification and downside protection

The private markets have surged in popularity as investors hunt for a potent combination of yield and downside protection. But in a big selloff, the strategy...

'It's bittersweet': CSLR head explains the challenge of punishing and promoting advice

Just how thin the line that Berry walks becomes clear when he outlines the two paradoxical objectives of the CSLR. He has to highlight the worst in financial...

AMP doing its best to preserve the worst of its reputation

By reneging on long-standing employment deals, AMP has again given the impression that it has welched on an existing agreement once it realised the deal...

‘They’re going ballistic’: AMP slashes redundancy benefits across business

AMP has cut redundancy pay maximums and notice periods in a move that has left long-term employees dismayed after they stuck with the company through the royal...

BDM bonuses vanish as fund flows dry up... but not in every sector

Not all fundies are bringing home a smaller bonus this year, according to Kaizen, with BDMs in the alternatives space doing better than those in the more...

Amended QAR draft released without major changes to SOA checking rules for trustees

After the original Delivering Better Financial Outcomes bill was released in March, Treasury this week released an updated version for consultation. With...

Brokerage platforms can be the link between self-directed investors and advisers: US study

Brokerage platforms are understandably wary of nudging clients away from their products, but if they want to be full service providers they need to entertain...