regulation

Financial planning

‘We moved the reform dial significantly’, says Jones

Despite industry criticisms, Financial Services Minister Stephen Jones believes the Labor government has moved the financial advice reform dial forward “significantly” du...

Financial planning

What is keeping financial services directors up at night?

The Australian Institute of Company Directors has shared which issues are keeping financial services directors up at night, and how they compare to the sentiment of direc...

Financial planning

FAAA pushes ‘financial services razor-gang’ ahead of election

With just over three weeks until the federal election, the FAAA has put a reduction in red tape and further support for new entrants on its priority list for an incoming ...

Financial planning

Advisers urged to avoid ‘regulatory waiting game’

As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency...

Financial planning

Should advisers detail regulatory fees to their clients?

With consumers often unaware of the full extent of underlying costs in operating an advice practice, Adviser Ratings debates whether regulatory charges should be separate...

Financial planning

FAAA shares 5-year plan

FAAA chair David Sharpe says its members are ready to control their own professional standards via co-regulation as the organisation shares its five-year roadmap....

Financial planning

Reportable situations relief extended for 5 years

ASIC will extend the relief and requirements regarding reportable situations regime for another five years until October 2029, following a public consultation....

Funds management

Is the growing compliance workload reflected in pay?

Compliance professionals say they face hefty workloads and growing burnout risk, but research finds this is not being reflected in their pay, with only compliance heads e...

Financial planning

What does Bragg’s final ASIC inquiry report recommend?

Senator Andrew Bragg has released the final report of the ASIC inquiry, making 11 recommendations as to how the corporate regulator can be improved....

Financial planning

Advisers mistakenly indicating lack of conflicts at licensees

Some 41 per cent of financial advisers say they have no conflicts of interest in their business, according to Holley Nethercote, indicating a fundamental lack of understa...

Policy & Regulation

‘No time to breathe’: Compliance professionals facing burnout

Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on sta...

Financial planning

How does QAR duration compare to other financial services inquiries?

The ongoing process of the Quality of Advice Review has now taken twice as long as it took for the findings of the Hayne royal commission but it is understood this is "a ...

Financial planning

Senate committee delays DBFO bill report

The Senate economics legislation committee has pushed back the release of its findings on the Delivering Better Financial Outcomes bill, the same day as the Coalition wri...

Financial planning

ASIC looks to enact more criminal enforcement

The balance of ASIC enforcement activity is skewed towards civil rather than criminal cases, but the corporate regulator says it is seeking to redress this balance. ...