Sarah Abood

Financial planning

‘Much too high’: FAAA advocates further ASIC levy reduction

While ASIC’s estimated FY24 levy only saw a slight $60 rise per adviser compared to the previous year, FAAA’s Sarah Abood believes it is still too high for a shrinking in...

Financial planning

FAAA consults on improving efficiencies without legislation

The Financial Advice Association Australia has detailed strategies that can improve advice efficiencies without the need for legislation....

Financial planning

Advisers ‘uniquely positioned’ to detect financial abuse

Multiple financial services organisations, including the FSC and FAAA, are calling for better handling of financial abuse, with financial advisers being “uniquely positio...

Financial planning

Will advice firms take on workplace visas to ease shortage?

The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?...

Features

‘No big wins’ for advice sector in 2024 budget

The FSC and FAAA have pinpointed the small wins and losses in Treasurer Jim Chalmers’ third budget, noting that successfully achieving change can be a "hard grind" for th...

Financial planning

Are accountants and teachers a solution for advice shortage?

Career changers, such as accountants and teachers, are a valuable demographic for potential advisers as industry commentators say adviser numbers are “not touching the si...

Financial planning

What does the advice sector want from this year’s budget?

The Financial Advice Association Australia has released its pre-budget submission, including six key items to help reduce the cost of professional advice and increase its...

Financial planning

ASIC’s Kirkland clarifies SOA checking concerns

Despite fears under the first draft QAR bill, ASIC has confirmed that it does not expect superannuation trustees to check every Statement of Advice. ...

Financial planning

JAWG in Treasury talks over adviser education standards

The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space....

Financial planning

JAWG calls for ‘urgent changes’ to fix QAR legislation

The Joint Associations Working Group has issued a statement urging the government to fix the Quality of Advice Review legislation to prevent an “unworkable” path forward....

Financial planning

‘No closed doors’: Abood reflects on first year of FAAA

One year since the FPA and AFA merged, Money Management speaks with FAAA chief executive Sarah Abood on what the combined organisation’s advocacy has accomplished....

Financial planning

FAAA warns of ‘significant extra work’ from QAR fee change

FAAA chief executive, Sarah Abood, has warned changes in the first tranche of the QAR legislation around advice fees documentation could create more work for advisers rat...

Financial planning

‘There won’t be an advice sector left’: FAAA

Reacting to the Compensation Scheme of Last Resort levy, the FAAA said another levy in addition to the existing ASIC levy will drive advice firms out of business. ...

Financial planning

FAAA urges ATO to refine tax deductibility of advice fees

The FAAA is calling on the ATO to refine its position on the tax deductibility of financial advice fees related to advice to clients with pre-existing investments....

Financial planning

FAAA’s Abood optimistic for ‘regulatory clarity’ in 2024

Sarah Abood, chief executive of the FAAA, believes 2024 will be the year that meaningful regulatory changes are clarified and delivered by regulators to the financial adv...