phil anderson

Policy & Regulation

Still issues with single disciplinary body legislation

The draft legislation for the Better Advice Bill has outlined the Financial Services and Credit Panel will convene on serious matters, but the Association of Financial Ad...

Financial planning

Ignoring advisers’ prior learning an ‘immense waste’: Opposition

Failure to recognise advisers’ prior learning is a waste of resources, according to Labor’s Stephen Jones. ...

Financial planning

DDO changes to remove nil complaint requirement

The Government is seeking to make amendments to the design and distribution obligation regime including removing the requirement for advisers and licensees to report whet...

Financial planning

How the AFA spends its cash

Around 12% of the association’s expenditures in FY21 has been on advocacy of financial advice which has been a “huge undertaking” due to overwhelming regulatory reform me...

Policy & Regulation

Has successful litigation been enough to cover ASIC levy difference?

Successful litigation against NAB, Westpac and Dixon Advisory could add enough to the corporate regulators coffers to cover the difference from the reduced levy....

Financial planning

Advisers need sufficient understanding of Oct reforms

There is likely to be broad issues with lack of awareness and preparedness with the five reforms coming into play in October, according to the Association of Financial Ad...

Financial planning

FASEA believes exam is 'fair'

While the authority argues the high pass rate shows it is an achievable exam for “competent” advisers and has been a boost for consumer confidence in the industry, data s...

Financial planning

Existing clients the missing voice in advice regulation

Existing clients should be asked whether they see value in financial advice reforms and whether they are happy to be paying more for those protections, the Association of...

Financial planning

Rise in financial advice costs ‘distressing’: Parliamentary committee chair

Many of the remaining Hayne Royal Commission recommendations will do nothing more than harm and damage ordinary Australian consumers, a member of a parliamentary committe...

Financial planning

Govt forcing advisers to be litigation funders: AFA

Indirect costs associated with the corporate watchdog’s levy has risen to $24.5 million and these costs are closely related to the increased spending on litigation fundin...

Financial planning

FASEA standards don’t adequately recognise previous study

There needs to be a better recognition of previous study undertaken by financial planners, and in particular continuing professional development studies, according to the...

Features

InFocus: Advisers hurled ‘unjustified abuse for political gain’

It has been three years since the Royal Commission but, Chris Dastoor writes, financial advisers are still being held in poor light by politicians despite a low level of ...

Financial planning

AFA hits back at regulators' advice guidance

The corporate and prudential regulators guidance on advice for superannuation trustees warns trustees about trusting financial advisers....

Expert Analysis

Supporting FASEA candidates

Phil Anderson writes how advisers can be supported in the in the run up to the FASEA exam deadline as this can be a stressful period for those yet to pass....

Financial planning

Advisers with major life events left out of FASEA extension

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...