phil anderson

Financial planning

Licensees cautious amid continuing FASEA code uncertainty

Financial planning licensees are urging a highly cautious approach on their planners because of the continuing uncertainty around the Financial Adviser Standards and Ethi...

Life/Risk

ASIC issues notices around LIF review

The Australian Securities and Investments Commission has kicked off the first phase of its review of the Life Insurance Framework with the issuing of Section 33 notices t...

Financial planning

Melbourne advisers need regulatory flexibility around opt-in, now

Faced with at least six weeks of Level 4 lockdown, financial advisers in Melbourne need regulatory relief around opt-in and other key client interactions....

Financial planning

Single regulator advocated for financial planning

The Federal Government should use the creation of a single disciplinary body to create a single regulator and thereby reduce complexity and costs....

Financial planning

Leeway urged on opt-in for locked down clients and advisers

The Government should provide financial advisers with some flexibility with respect to opt-in arrangements as they seek to deal with another round of lockdown, according ...

Financial planning

Costlier degrees another impost for hard-pressed advisers

With the cost of Commerce-related degrees rising by 28% the Association of Financial Advisers is pointing to additional impact on a planning industry already hit by advis...

Financial planning

Parliamentarian references adviser fears of ASIC retribution

A member of a key Parliamentary Committee has queried whether financial planners are too afraid to challenge the Australian Securities and Investments Commission because ...

Financial planning

AFA to make specific recommendations to ASIC

Extraordinary circumstances call for a changed regulatory approach says AFA....

Financial planning

COVID-19 sees advisers reduce face-time

Both advisers and their clients are opting for telephone and screen-based consultations amid growing fears around transmission of the coronavirus....

Financial planning

Advisers still better off than mortgage brokers from RC

AFA’s Phil Anderson says that despite pushback on Royal Commission recommendations to change trail commissions for mortgage brokers, advisers were still better prepared f...

Financial planning

Annual renewals will generate up to 6 hours’ extra work

Financial advisers are facing significant extra hours of work to transition clients across to annual renewals....

Financial planning

Are advisers being asked to ‘dob’ each other?

Proposed new legislation would have the effect of compelling advisers or licensees to breach report competitors if they believed something adverse was happening....

Financial planning

Advice bodies brace for opt-in outline

How the Government proposes to approach yearly opt-in and fee arrangements is expected to be made clearer in the next week or so and financial adviser groups are bracing ...

Financial planning

Should ASIC allow advisers flexibility on 12-month opt-in?

Amid concern and confusion around how the Australian Securities and Investments Commission yearly opt-in and fee disclosure will work, adviser groups are urging flexibili...

Financial planning

FASEA accused of exceeding its legislative remit

The Financial Adviser Standards and Ethics Authority has been accused of exceeding its legislative remit with a resulting detriment to financial advisers....