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Financial planning
The Financial Advice Association Australia and the Financial Services Council have responded to the first consultation on Delivering Better Financial Outcomes, recognisin...
Funds management
Australia’s fund management industry has grown significantly to $4.3 trillion in FUM, however complex regulatory policy prevents the nation from properly competing with i...
Financial planning
Financial Services Council chief executive, Blake Briggs, has shed a light on the need for industry body consolidation and how meaningful engagement between groups has br...
Life/Risk
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....
Financial planning
The Financial Services Council has noted the “enhanced risk” that comes from implementing changes to financial advice legislation simultaneously with the Quality of Advic...
People & Products
The Financial Services Council has appointed two financial services chief executives to join its board. ...
Policy & Regulation
The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers and Financial Services Council about its review of over 100 TMDs ...
Financial planning
As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their sup...
Financial planning
The Financial Services Council and Council of Australian Life Insurers have welcomed the new Life Insurance Code of Practice, coming into effect 1 July 2023, that will de...
Financial planning
According to advisers, the decision to streamline ongoing document requirements following the Quality of Advice Review will alleviate much of the red tape involved in the...
Financial planning
The government has announced it will adopt the bulk of Quality of Advice Review recommendations, which has been largely welcomed by industry bodies....
Funds management
The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...
People & Products
Kelly Power, chief executive of Colonial First State Superannuation, has been appointed to the Financial Services Council board....
Financial planning
Minister for financial services, Stephen Jones, has blamed the federal budget for the delays to the Quality of Advice Review but said he is expectant of a position by Jun...
Financial planning
The Financial Services Council and Financial Advice Association Australia have welcomed the 2023 budget from Treasurer Jim Chalmers but feel there is a lack of informatio...
MARKET INSIGHTS
Never miss the latest news and developments in wealth management industry
Podcast
I have been making this advocation for more than 10 years, that banning a financial adviser like this is hopeless like a...
...and not to forget if I'm a butcher, a baker, or candle stick maker then I'm a 'Qualified Adviser'!!! - sorry couldn't...
Needed to add - "consult heavily with the market " ... but don't publish or listen to submissions if they differ from ou...