Still no movement on FASEA timetable
The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume left a number of advisers disappointed when she did use her address to the Association Financial Advisers (AFA) conference to announce an extension to the Financial Adviser Standards and Ethics Authority exam deadline.
A day earlier at the Financial Services Council (FSC) Leaders Forum in Sydney Hume expressed sympathy for advisers and the challenges with which they were being confronted but did not significantly extend on those comments in Adelaide.
Both the AFA and the Financial Planning Association (FPA) have been lobbying hard to achieve an extension of the timetable to ensure it aligns with the timescale outlined by former minister, Kelly O’Dwyer.
They remain hopeful that the Government will still move to amend the legislation which would allow the timetable extension.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
