BETTER ADVICE BILL

Financial planning

The Financial Services and Credit Panel now has its own statutory functions and powers, while tax financial advisers have new requirements. ...

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Financial planning

The registration of financial advisers under the Better Advice Act will occur in two stages with the second commencing once the register transitions to the Australian Tax...

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Policy & Regulation

Many in the Senate chamber have acknowledged big corporations – the big four banks, AMP and insurance companies – have not been held to account by Royal Commission legisl...

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Policy & Regulation

The Association Financial Advisers will use the Quality of Advice review to push for tweaks to the single disciplinary body and the mechanism for registration to the Tax ...

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Policy & Regulation

The bill passed without amendments and industry leaders expect that planners will now be able to focus on clients without the distraction of constant regulatory change. ...

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Policy & Regulation

The draft legislation for the Better Advice Bill has outlined the Financial Services and Credit Panel will convene on serious matters, but the Association of Financial Ad...

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Financial planning

Financial advisers who sit the Financial Adviser Standards and Ethics Authority exam when the corporate regulator administers the exam will pay over $350 more than now. ...

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Policy & Regulation

There is a lack of clarity for when a disciplinary panel will be called and an association believes it should not be called for a breach of Standard 3 or 6, and that writ...

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Financial planning

The opposition has said the Government’s financial reforms have caused uncertainty and unnecessary costs for thousands of financial advisers....

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Policy & Regulation

The Government will seek feedback on when the corporate regulation must convene a Financial Services and Credit Panel and the type of sanctions to include on the financia...

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Editorial

Compliance and regulation have been touted as the biggest reasons for the increase in advice costs and the Government needs to hold the bodies responsible accountable for...

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Financial planning

Social media influencers taking kickbacks is no different to the ‘bad old days’ of commission, according to one MP, as the regulator cracks down on ‘finfluencers’. ...

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Financial planning

The opposition has backed the recommended two-year review of the bill as it can’t be “set and forget” and the Government’s management of standards reform has been a “trai...

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Financial planning

The continuing profession development guidelines need to be addressed to remove duplication for tax financial advisers and there needs to be a consultation process which ...

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Financial planning

In its submission to Parliament, the Stockbrokers and Financial Advisers Association recommend holding off enforcement of those parts of the code of ethics until it has b...

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

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Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

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Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

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