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REGULATION
Financial planning
In her recommendations in the Quality of Advice Review, Michelle Levy has stayed the course to do away with Statement of Advice requirements....
Editorial
There’s room for improvement with advice documents and advisers have made suggestions that could save time and effort while enhancing consumer comprehension....
Financial planning
The Australian Institute of Superannuation Trustees has advocated for banning unsolicited calls to consumers from advisers and financial planning businesses. ...
People & Products
The corporate regulator has confirmed the looming departure of a commissioner, set to join global investment management company Vanguard....
Policy & Regulation
Multiple permanent bans to advisers were handed out by the corporate regulator in the last year....
Financial planning
As the year winds up, Money Management looks at the financial advisers that faced charges by the corporate regulator in the second half of 2022. ...
Policy & Regulation
ASIC senior executive leader, Leah Sciacca, has reiterated the corporate regulator “encourages tech and innovation” in the financial services industry. ...
Policy & Regulation
The Treasury is seeking feedback from the public on regulatory frameworks for buy now, pay later arrangements. ...
Funds management
It is important to ensure that technology does not drive the regulation of crypto assets or compliance could be difficult to achieve, according to the Australian Law Refo...
Expert Analysis
The UK's Retail Distribution Review took place almost a decade ago, what has the industry learnt since?...
Financial planning
The Financial Services Institute of Australasia has proposed a co-regulatory model for the financial advice industry, akin to the United Kingdom’s financial adviser space...
Policy & Regulation
The Australian Securities and Investments Commission has released its latest cost recovery implementation statement for 2021/22, providing an estimated levy for financial...
Financial planning
Senator Jane Hume has confirmed that financial advice is now being viewed as a profession rather than a sales role and that the worst is over following a period of signif...
Financial planning
The Association of Financial Advisers has outlined the key levers it will be targeting to reduce regulatory uncertainty in its submission to the Quality of Advice Review....
Financial planning
Advice should be treated with the respect given to doctors or lawyers as the industry has successfully improved itself to become a profession, according to Financial Serv...
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...