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'Their mood will change': Lawyer warns against licensees signing sophisticated investor test

Cowell Clarke lawyer Richard Hopkin said there are reasonable grounds for licensees to certify clients as wholesale, but the practice invites a much higher...

Instos to re-enter advice, SOAs scrapped in landmark reform package

The government will now follow through on Levy's proposal to bring licensed financial institutions back into the advice fold, while also agreeing to...

Advice compliance measures need to add up: Mintegrity

Advisers should take a proactive approach to compliance, which can enhance the reputation of their firm and reduce the risk of regulatory enforcement action...

Morningstar invested in nuclear weapons components against ESG claims: ASIC

The five holdings were only for about two weeks each, and then divested as soon as Morningstar became aware of them. But ASIC takes a seriously dim view of ESG...

What paraplanners want: How advisers can work better, ditch the double-ups and make staff smile

It's not a corner office or a fatter pay packet at the top of paraplanners' collective wish list, but something that is much more beneficial to financial...

From cost centre to growth lever: Compliance that wins business

Compliance leaders are at the centre of a transformational time in regulatory adherence and risk management, argues fintech provider Complii in this new...

'Really concerned': Jones admits worry over QAR draft, stands by advice reform schedule

"I was really worried people would say ‘Is that all?'" the minister said, before explaining that he didn't want to submit key compliance reforms until they...

AMP's $100M BOLR bill a win for all sides

Advisers won the case against a well-armed opponent and can move on with more financial parity, while AMP's shareholders and executives can put a long-overdue...

Financial advice and the power of language

Most advisers know the value of changing their language when switching from industry speak to client discourse, but many still fall into the trap of distancing...

Code of Ethics important, but it won't supplant the Safe Harbour Steps

The government's position on what to do with the Safe Harbour Steps is no longer clear, but the chances of seeing it supplanted by the existing Code of Ethics...

The advice business that thrives will align towards its true niche

To make advice work, advisers need to home in on the centre of their business proposition, sometimes at the expense of their better intentions.

Start counting the ways AI can help an advice business grow

The potential for artificial intelligence to aid the delivery of financial advice is being recognised globally, and should lead to a "redefinition" of the...

Advisers want one thing above all else from their fund managers: Report

Advisers still place a lot of emphasis on historical performance and fees when they sum up the value of a fund manager, but it's the thinking behind their...

Advice reform stalls as Jones dithers on SOA, safe harbour changes

Even with a lightened agenda, the government failed to finish its homework and instead delivered only a portion of the first tranche of advice reforms. It's a...