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FAAA warns of ‘significant extra work’ from QAR fee change

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FAAA chief executive, Sarah Abood, has warned changes in first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.

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Insignia clings onto second-largest advice licensee position

Wealth-Data/insignia-financial/insignia/count-group/adviser-numbers/

Insignia Financial is holding ‘relatively steady’ onto its rank as Australia’s second-largest financial advice licensee after the Godfrey Pembroke exit but Count is hot on its heels.

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Verdict in for ASIC's first greenwashing case against Vanguard

vanguard/ASIC/greenwashing/ESG/federal-court/

The Federal Court has issued its verdict in ASIC's first greenwashing case against Vanguard Investments Australia regarding the use of ESG exclusionary screens.

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A busy Q1 for ASIC advice action

AFSL/Sydney/ASIC/banning/licence-cancellation/

As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.

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Relative Return: Challenging consumers’ investment behaviour

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Briggs joins speaker line-up at Australian Wealth Management Summit 2024

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The FSC CEO will join a long line-up of renowned speakers at the inaugural summit. 

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Liberal senator hits out at excessive financial advice costs

Parliament/senate/financial-advice/costs/quality-of-advice-review/

Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.

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ASIC cancels Sydney advice firm’s AFSL

ASIC/Sydney/Wealth-Data/

ASIC has cancelled the Australian financial services licence of a Sydney advice firm, with the business having lost more than 30 advisers since the start of 2024.

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Lonsec Research partners with Fund Manager of the Year Awards

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The research house has joined this year’s awards as a research partner and will bring its experience to the awards by selecting the group award finalists.

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FSC warns of missed opportunity risk in QAR legislation

FSC/Blake-Briggs/quality-of-advice-review/Stephen-Jones/treasury/Superannuation/

Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.

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