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ROYAL COMMISSION
Financial planning
The Federal Government has been challenged to explain why financial advisers and mortgage brokers are being targeted in the wake of the Royal Commission when others inclu...
Financial planning
The Treasurer, Josh Frydenberg, faces a fight from the financial planning industry as he seeks to move forward on implementing a Royal Commission recommendation banning t...
Policy & Regulation
A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....
Financial planning
Financial Planning Association chief executive, Dante De Gori has pointed to the impacts of increasing regulatory oversight with the cost of generating a statement of adv...
Policy & Regulation
External law firms have been brought in as the Australian Securities and Investments Commission looks to wrap up referrals from the Royal Commission....
Financial planning
The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....
Financial planning
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...
Policy & Regulation
The Federal Treasury has received yet more warnings that before it embarks on a compensation scheme of last resort it should fix professional indemnity insurance in circu...
Life/Risk
Almost one-third of a survey’s respondents said life insurance products confused them and 65% of people without the product would rely on savings if they contracted a maj...
Expert Analysis
Life insurers need to improve their models and invest in automation if they want to ‘future-proof’ their business, writes Chris Powell....
Policy & Regulation
The tax office is imposing more educational directives where self-managed superannuation fund members have breached regulatory contraventions in a bid to prevent reoffend...
Policy & Regulation
Mortgage brokers believe the embedding of commission clawbacks in legislation will see them working for nothing....
Financial planning
The deduction of financial advice from member’s superannuation accounts is reasonable, according to actuarial research house, Rice Warner....
Financial planning
Morgan McKinley has released their 2020 Salary Guide, which showed the latest renumeration insights in the financial services industry. ...
Financial planning
Affected clients will be among the first to know when licenses detect advisers who have done the wrong thing under new legislation to go before Parliament....
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...