financial advice

Financial planning

Advisers giving limited advice will need to explain what advice they cannot provide and the implications to fulfil best interests duty....

Financial planning

Financial adviser registration to occur in two stages

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...

Financial planning

FSC whitepaper ‘giant leap forward’ for advice: TAA

Simplifying advice costs and tackling the difference between ‘advice’ and ‘general information’ are steps that will be a “giant leap forward” for the advice industry, acc...

Financial planning

Advisers with investments as their value should be worried

Financial advisers who have their value proposition based on strategy and investment, and do not outperform benchmarks are in trouble and will find their business will st...

Financial planning

Industry needs to keep spotlight on benefits of being an adviser

As existing advisers continue to leave, the industry needs to keep promoting the benefits of being an adviser, according to TAL....

Financial planning

Advisers have ‘box seat’ to add value

Financial advisers have an opportunity to create value by taking more responsibility in the investing process and lowering costs at the same time, according to Financial ...

Financial planning

Group faces 72 criminal offences after alleged phoenix activity

Four associates and a lawyer have been charged with criminal offences after Members Alliance and Benchmark groups collapsed with the corporate regulator alleging the grou...

Financial planning

Financial press not a substitute for professional advice

Asked during a Parliamentary committee, Fiducian says reading the financial press is not a substitute for receiving professional financial advice. ...

Financial planning

FASEA contradicting ASIC on ‘career break’ pathway

Career break is unlikely to be a reason to give relief on professional standards, according to guidance from the corporate regulator, and an industry association has call...

Financial planning

Increasing ‘once-off’ advice clients

The rising cost of financial advice along with a change in demographics has led to more clients only wanting advice to solve particular issues rather than ongoing advice....

Expert Analysis

The goal of goals-based advice

Setting a goal with clients is a good step in the financial advice process, writes Johann Maree, but there are ways that these goals can be SMARTER....

Financial planning

Advice industry hampered by lack of innovation

Financial advisers have been making more of a distinction between accumulation and decumulation portfolios but these approaches are largely ad-hoc with little way of indu...

Financial planning

Can advice be a profession with product sales still legislated?

The Corporations Act still dictates that the sale of a product remains integral to the definition of financial advice and regulating around that fact is like trying bang ...

Financial planning

ASIC’s non-action on general advice disappointing: FPA

The corporate regulator’s decision to ignore the problem with the term ‘general advice’ will continue to confuse consumers, according to the Financial Planning Associatio...