AFA

Financial planning

Did ASIC cover for FASEA code shortcomings?

Industry submissions to the Financial Adviser Standards and Ethics Authority were calling for a 12-month adviser code exemption just a week before the Australian Securiti...

Policy & Regulation

AFA, FPA welcome ASIC hands-off code monitoring approach

The Association of Financial Advisers believes the approach adopted by ASIC will give the Financial Adviser Standards and Ethics Authority an opportunity to engage in gen...

Financial planning

FASEA accused of exceeding its legislative remit

The Financial Adviser Standards and Ethics Authority has been accused of exceeding its legislative remit with a resulting detriment to financial advisers....

Financial planning

Will Hume act to delay code implementation?

The Assistant Minister for Superannuation, Financial Services and Financial Technology has received a written request for a delay in the implementation of the Financial A...

Features

2019 – a year of uncertainty from beginning to end

Mike Taylor writes that 2019 proved challenging for the financial advice industry not least because of the Royal Commission and the Government’s determination to impleme...

Financial planning

Should advisers be part of FASEA consultation?

Financial advisers have questioned why dealer group licensees rather than practicing advisers have been included in the Financial Adviser Standards and Ethics Authority c...

Financial planning

Fix the code or delay implementation says AFA

With financial planning groups meeting with the Financial Adviser Standards and Ethics Authority today, the Association of Financial Advisers has sent a message that issu...

Financial planning

57% of adviser practice income at risk

The Association of Financial Advisers has accused the Financial Adviser Standards and Ethics Authority of unilaterally seeking to rewrite the law and thereby placing 57% ...

Financial planning

Is time running out for FASEA extension in 2019?

Financial advisers looking for certainty around the Financial Adviser Standards and Ethics Authority exam timetable are faced with the reality that Parliament is fast run...

Policy & Regulation

FASEA funding drying up

The exit of the major banks means the original funding source for the Financial Adviser Standards and Ethics Authority will mostly dry up in May next year with advisers t...

Financial planning

FASEA bypassed consultation on code guidance

The Financial Adviser Standards and Ethics Authority bypassed adviser group consultation before releasing its code of ethics guidance and is now offering a November consu...

Financial planning

AFA accuses FASEA of going beyond its remit on code

The Association of Financial Advisers has accused the Financial Adviser Standards and Ethics of Authority of using its code of ethics approach to ‘create its own laws, wa...

Financial planning

Banks urged to show leniency on grandfathering loans

The Association of Financial Advisers has urged banks who loaned money to advisers to buy books of clients to show leniency....

Financial planning

Is ASIC best interests project driving up advice costs?

A little talked about Australian Securities and Investments Commission project around the adviser best interests duty has been identified as substantially increasing red ...

Financial planning

Exempt mortgage-related life insurance says AFA

Advised life insurance taken out as a safeguard for clients who take out home mortgages should be specifically exempted from the Government’s tough new rules around the s...