Jane Hume

Financial planning

Advisers could face more costs under AFCA recommendations

The first review of the Australian Financial Complaints Authority has made 13 recommendations for its improvements but acknowledged these may result in increased costs fo...

Policy & Regulation

No reason to expand CSLR: Hume

The compensation scheme of last resort should not be expanded to cover those making “speculative punts”, according to Senator Jane Hume, and would likely make funding mor...

Superannuation

ASFA supports super portfolio disclosure regulations

Changes to the superannuation portfolio holdings disclosure regulations will achieve greater transparency for consumers, according to the Association of Superannuation Fu...

Funds management

CBA crypto offering welcomed

The decision by Commonwealth Bank to offer cryptocurrency is a sign that the asset is moving away from being viewed as an “illegitimate fringe pursuit”, according to Sena...

Policy & Regulation

AIOFP questions decision to exclude banks from CSLR

It has asked whether Senator Jane Hume’s and Treasurer Josh Frydenberg’s pre-political careers in the banking industry create a conflict of interest....

Features

Robo 2.0: Threat or opportunity?

Advisers would be wise to understand online investing services given they are democratising investment and removing barriers to entry, Laura Dew finds....

Tools & guides

How digital advice can help increase efficiency

Using technology can help financial advisers to cut down on their risk and compliance work, writes Craig Keary, leading to a reduction in consumers’ advice fees in the p...

Policy & Regulation

Govt failing to hold exiting institutions to account

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...

Policy & Regulation

Better Advice bill passes Senate

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. ...

Policy & Regulation

Govt makes CDR changes

Amendments to the consumer data right rules will help clients share their data easily and securely with financial advisers and other professionals....

Financial planning

Advisers to pay more for FASEA exam under ASIC

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. ...

Policy & Regulation

Govt releases Retirement Income Covenant draft legislation

The draft legislation will codify the obligation for superannuation trustees to have a retirement income strategy which outlines how they plan to assist their members....

Financial planning

Robo-advice should excite advisers: Hume

Robo-advice is the future of financial advice and can create a “fantastic” pipeline of clients for full-service advice, according to Jane Hume. ...

Financial planning

Finfluencers not to be banned: Hume

Jane Hume said she has no interest in perpetuating a ‘nanny state culture’ where it resorts to banning things to save people from their own follies such as making financi...

Policy & Regulation

Govt seeks feedback on FSCP and FAR

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...