advice

Financial planning

ASIC signals that admin assistance to clients is not actually advice

Plenty of financial advisers provide administrative assistance to clients to help them with their investments but, according to the Australian Securities and Investments ...

Financial planning

Hume urges advisers to speak up on affordable advice

The Government has made an 11th hour plea to financial advisers to make submissions to the Australian Securities and Investments Commission on its affordable advice revie...

Financial planning

Advisers exceed expectation of 95% of clients

The barriers to seeking advice are perceived rather than actual and are not reflected in the real-life experiences of individuals who receive advice, according to an IOOF...

Financial planning

Reg costs passed down to accounting clients

An advice regulatory framework is needed to encourage advisers to provide affordable advice, as some professional accountants who provide advice have passed costs to clie...

Financial planning

Tech could make or break advice businesses

The volume of regulatory change means it is becoming impossible to do business as a financial planner using old technology and old ways of operation, according to the Fin...

Funds management

Frontier rebrands to reflect offering

Frontier Advisors has dropped the ‘Advisor’ part from its name in a company rebrand as it expands its business beyond financial advice. ...

Financial planning

ASIC explains no action position on super advice

Superannuation funds identified as having delivered advice which might be detrimental to their members were asked to do no more than put it right and confirm they had don...

Financial planning

Lack of advice among millionaire investors' biggest mistakes

Not seeking advice, as well as a reliance on historical returns and a lack of diversification are the major investment mistakes made by millionaires, according to a surve...

SMSF

Specialist SMSF advice recognised by FASEA

In the latest FASEA draft guidance, the importance of specialist advice for self-managed superannuation funds has been recognised, according to the SMSF Association....

Financial planning

Super fund claims cost of advice is 'commercially sensitive'

The cost of providing advice to members is "commercially sensitive” and releasing it would not be in the best interests of members, according to major health industry sup...

Financial planning

Advisers’ benefit goes beyond financial returns

Focus on avoiding behavioural mistakes and tax-effective investment are among ways that financial advisers help their clients to boost their portfolios, according to Russ...

Financial planning

FSC argues for pragmatism on cost of advice

The COVID-19 pandemic could act as the catalyst for regulatory pragmatism aimed at lowering the cost of advice, according to the Financial Services Council....

Policy & Regulation

We have the power to obtain documents says ASIC

Financial services companies cannot necessarily rely on claims of legal privilege to prevent the Australian Securities and Investments Commission obtaining documents – so...

Financial planning

More not less advice needed in super

Superannuation funds need the ability to deliver a wider range of financial advice to members, according to a roundtable....

Financial planning

ASIC asked for formal written response on intra-fund advice

The Australian Securities and Investments Commission has been asked to provide a formal written explanation of the status of intra-fund advice amid heated questioning by ...