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EXPERIENCE PATHWAY
Financial planning
Distinctions between “experienced” and “relevant” advice providers could lead to further confusion, according to The Advisers Association’s CEO, Neil Macdonald....
Financial planning
The Financial Advice Association Australia has recommended a 10-year sunset clause in the experience pathway to support older advisers, as it reveals its membership is eq...
Financial planning
The Stockbrokers and Investment Advisers Association has thrown its support behind the experience pathway, arguing its members would rather quit than study for unnecessar...
Financial planning
Education providers have expressed concerns that the experience pathway will encourage existing students to drop out of their studies and has left past students angry abo...
Financial planning
The extension of the experience pathway by two extra years means another 424 advisers lacking degrees could be eligible as the industry sees double-digit departures this ...
Financial planning
The Treasury has outlined how advisers and their AFSLs can utilise the proposed experience pathway if they meet the requirements, as it opens a consultation period for fe...
Financial planning
The Treasury has opened consultation on the proposed experience pathway, outlining what would deem an adviser to meet the education requirements....
Financial planning
There are still over 3,000 financial advisers on the Financial Advisers Register (FAR) who are without a degree and expect to rely on the experience pathway to continue t...
Financial planning
Data from the latest Adviser Ratings’ Landscape Report of adviser sentiment has found there could still be thousands more exits over the next few years as a question mark...
Financial planning
Five modifications have been suggested to the experience pathway by the Joint Associations Working Group to stem the adviser exodus....
Financial planning
Minister for financial services, Stephen Jones, has stated his commitment to affordable financial advice after meeting with Quality of Advice Review reviewer Michelle Lev...
Financial planning
Research by Wealth Data has revealed the total number of advisers who have enough experience to qualify for the proposed experience pathway if it is enacted....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...