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Money Management’s 2021 TOP Financial Planning Groups survey has confirmed that the number of financial advisers operating under the umbrellas of the largest groups has d...
Financial planning
Opening the November exam to all advisers and the conditional September 2022 extension could drastically improve how many advisers are on the Financial Adviser Register a...
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...
Financial planning
The Financial Adviser Standard and Ethics Authority has revealed how many current advisers have passed it exam, but a broader context is required to analyse exact numbers...
Financial planning
The current forecast still assumes the number of advisers will fall and plateau to 15,000 but this may take longer than initially predicted thanks to recent exam relief m...
Financial planning
The end of the financial year will see a greater loss in adviser numbers than usual from advisers wanting to avoid the next round of the ASIC levy....
Financial planning
The data from the Australian Securities and Investments Commission showed that the number of advisers dropped this week by 112 to 19,631. ...
Financial planning
Industry associations have welcomed the one-off exam measure but would have liked the extension to have included those who had experienced significant events that had pre...
Financial planning
The decrease in adviser roles number this week was almost twice as many as the loss of actual advisers at 100 and 53, respectively, due to double authorisations, accordin...
Features
Oksana Patron writes that revised adviser number forecasts are shining a new light on the adviser exodus and how it will affect different adviser roles....
Financial planning
Around 300 financial advisers are known to have passed their Financial Adviser Standards and Ethics Authority exam but left the industry this year, according to data. ...
Financial planning
If existing advisers are classed as “ceased” by the end of 2021 and have not passed the FASEA exam they will not be classified as a ‘new entrant’ in 2022 if they want ret...
Financial planning
Accountants with a limited authority have constituted one of the largest groups of those who might choose to opt out of being a financial adviser in the future and hand b...
Financial planning
Over 60% of advisers who exited the Financial Adviser Registered during July 2019 and December 2020 had less than 10 years of experience, according to the Financial Advis...
Financial planning
Advisers who want to continue in the industry should do everything they can to pass the exam this year as it is not clear whether they will be able to sit an exam next ye...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...