Royal Commission

Financial planning

Have NAB and Westpac sufficiently progressed RC recommendations?

The two banks will be probed by a parliamentary committee on its Royal Commission recommendation implementation progress along with implications of common ownership and c...

Policy & Regulation

APRA releases remuneration standard

The remuneration standard comes into effect at the start of 2023 and aims to create more balanced incentive structures for the superannuation, insurance, and banking indu...

Features

Not another commission

The Royal Commission into Aged Care was not directed at advisers but, Chris Dastoor writes, the outcomes have implicated how clients perceive the industry....

Policy & Regulation

Govt under pressure to fix CSLR

Consumer bodies have joined the financial adviser bodies and the Federal Opposition in voicing their displeasure with the proposed draft legislation for the compensation ...

Financial planning

Govt failed on financial advice reforms: Labor

The opposition has said the Government’s financial reforms have caused uncertainty and unnecessary costs for thousands of financial advisers....

Financial planning

'Best time ever' to be an adviser

Contrary to wider adviser sentiment, one adviser has high hopes for the industry’s future and believes the next few years will only get better....

Features

When practice management gets tough

Running a financial advice practice has never been harder, Jassmyn Goh writes, and advisers must find efficiencies and restructure their revenue sources to deliver their ...

Funds management

Remediation drop-off presents dividend opportunity

Banks have paid more than $7 billion to customers in remediation since the Royal Commission but this ending will leave them with more available cash to distribute to shar...

Financial planning

RI Advice found liable for RC 'case study' adviser

The Federal Court has found it is liable for failing to supervise former adviser John Doyle, who became a case study during the Royal Commission....

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

Back Office Hero launches 'sale ready' program

The rise in financial planners selling their business after the Royal Commission has led to a financial planning consultancy firm to launch an ‘exit strategy’ program....

Financial planning

Anti-hawking regime consultation opens

The corporate regulator is seeking consultation on the anti-hawking of financial products regime that commences in October. ...

Policy & Regulation

CSLR inadequate: Federal opposition

The opposition says capping compensation at $150,000 instead of the $550,000 proposed by the Royal Commission is a mistake....

Financial planning

ASIC releases adviser reference checking protocol

The corporate regulator has released its protocol around how licensees should be reference checking prospective financial advisers they wish to employ. ...

Editorial

Remaining within the Royal Commission standards’ scope

Any further requirements by the Government for the financial advice sector to lift standards could lead to advisers and potential graduate entrants moving the occupation ...