siaa

Financial planning

SIAA calls for prompt enactment of experience pathway

The Stockbrokers and Investment Advisers Association has thrown its support behind the experience pathway, arguing its members would rather quit than study for unnecessar...

Financial planning

Industry divided over ALRC’s rules advisory committee plan

There is debate among industry associations about the benefits of a ‘rules advisory committee’ as proposed by the Australian Law Reform Commission....

Financial planning

SIAA calls for rethink of advice definition

The Stockbrokers and Investment Advisers Association believes the Quality of Advice Review proposals classifying broker research as personal financial advice will have ne...

Financial planning

Consumers at risk as licensees opt for cheaper PI

In a bid to achieve a cheaper professional indemnity insurance, some licensees are opting for policies with high deductibles which may leave them unable to compensate con...

Financial planning

SIAA suggests ‘strategic advice’ definition

The Stockbrokers and Investments Advisers Association has defended the title of ‘general advice’ and warned investors may ignore material described as ‘information’, in i...

Financial planning

FPA pins hope on collaborative action

The Financial Planning Association of Australia is “very, very hopeful” that it will be able to achieve success in the Quality of Advice review by making a joint submissi...

Financial planning

The long-term gains of simplifying financial services legislation

Australian Law Reform Commission (ALRC) president, Justice Sarah Derrington, has illustrated her vision for the financial services industry following the commission’s rev...

Financial planning

Communicating value in clear and simple terms

Communicating a client value proposition in clear and simple terms is crucial to running an advice practice and will lead to a more cohesive relationship with the client,...

Financial planning

Reaching the younger generation

Being user-friendly, tech-friendly and cost-effective are non-negotiables for the next generation of investors, with many having been burnt by assets such as cryptocurren...

Financial planning

How can Australia lessen the advice gap?

The advice gap is more acute in Australia than other parts of the world, according to a panel of industry experts, and is lagging behind in digital advice propositions....

Financial planning

RI Advice cybersecurity case will be first of many

The Federal Court’s ruling that RI Advice failed to have adequate cybersecurity risk management systems is a sign of things to come, according to the Cyber Security Resea...

Financial planning

Adviser exam unlikely to see improvements

ASIC chair, Joe Longo, has told advisers there is little the corporate regulator can do to improve the financial adviser exam, despite negative feedback from candidates....

Financial planning

Should the financial adviser exam be based on specialties?

Shadow minister for financial services Stephen Jones would support changes to the financial adviser exam so that Professional Year advisers could choose to sit an exam ba...

Financial planning

Jones commits to enacting experience pathway

Shadow minister for financial services, Stephen Jones, has assured the financial services community that Labor’s proposed ‘experience pathway’ will still be implemented i...

Financial planning

Drilling down into the SDB

With the Single Disciplinary Body in operation but yet to convene a panel, Michelle Huckel, Stockbrokers and Investment Advisers Association policy manager, has explained...