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Regulator warns underperforming funds on member comms

Bringing oversight to a multi-trillion dollar sector was important, but the regulations are far from perfect, with many suggesting they effectively direct...

Centrepoint offer continues the consolidation trend in advice

Centrepoint Alliance this week announced it had received a non-binding indicative offer from Diverger Limited to acquire all the shares in the company.

Associations band together to reset advice regulation

As submissions were released this week, they were accompanied with commentary from several industry leaders about the massive burden and challenges being place...

Magellan, Franklin Templeton changes lead appointments this week

Australia's unemployment figures remained steady at 3.9 per cent for May despite more than 61,000 people entering the workforce. The extra workers that have...

Put client consent on hold for three years: AFA

June 10 was the closing date of what may well become the most important review of the financial advice industry in its short history

SMSF specialist training should be 'set in stone': SMSF Association

The peak body for those advising self-managed super funds, the SMSF Association, has called for a higher education requirement for the sector.

FPA flags tax deductibility and removing duplication in QAR submission

The day-to-day life of a financial adviser could soon be a lot easier, after the Financial Planning Association of Australia (FPA) called for an urgent...

ASIC lays down the law on 'greenwashing'

With economies around the world all seeking to decarbonise, business has a critical role to play in the race to meeting Net Zero commitments.

Overcoming anchoring bias key to advisers amid volatility

To be a successful financial adviser, especially during times of peak volatility, it pays to understand and master the human cognitive biases that can often...

ASIC updates guidance for 'warnings and reprimands'

ASIC has just released an information sheet allowing it to issue warnings and reprimands to financial advisers that do the wrong thing. If you're a financial...

Regulator flags drop in Supervisory Levy

After five years of compounding compliance and regulatory requirements combined with higher costs in every part of their business there are a number of...

Renew your client review

During a recent presentation of Invesco Global Consulting's program, Priceless, I asked a room full of advisers how many of them had changed the way they do...

AFCA confirms a new user pays model to cover costs

Following on from last week's article titled, 'Ombudsman seeks to simplify complaint treatment,' The Australian Financial Complaints Authority (AFCA) today...

Adviser numbers forecast to fall below 15k

The exodus of financial advisers from the industry is set to continue into 2022, according to research undertaken by Adviser Ratings, who in partnership with...