SOA

Financial planning

The Financial Services and Credit Panel has made its latest ruling over a case involving an incorrect Statement of Advice. ...

Financial planning

Recommendations like the removal of SOA requirements and embracing digital advice have been strongly endorsed by industry groups, who state this is ‘the time for bravery’...

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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....

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Editorial

There’s room for improvement with advice documents and advisers have made suggestions that could save time and effort while enhancing consumer comprehension....

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Financial planning

The idea of doing away with Statements of Advice is misguided, according to an advice consultancy, and advisers should instead consider how they can capture clients’ atte...

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Financial planning

The solution to the complex and time-consuming Statements of Advice (SoA) lies somewhere between a one-page letter, as prescribed for accountants, and what exists today, ...

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Financial planning

Moving to Letters of Advice, abolishing safe harbour steps to comply with best interest duty and indexing the wholesale assets test are among proposals made by the Financ...

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Financial planning

The advice industry should not waste resources discussing changing the name of Statement of Advice (SOA) documents and instead follow what legislation requires, which is ...

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Financial planning

The affordability of advice issue can be solved through technology and MoneyGPS believes its tech can bridge the unmet advice gap for Australians who cannot afford compre...

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Policy & Regulation

The record of advice relief measure is extended to April 2022, as well as the “time critical” relief measure that gave financial advisers additional time to give their cl...

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Financial planning

Servicing 200 to 300 clients will be the future for financial advice as long as the technology stack is up to scratch, according to an adviser....

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Financial planning

Business growth has been challenged by regulatory noise, and statements of advice are the most burdensome compliance regime, according to a panel....

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Financial planning

Business models could shift to goals-based advice, rather than producing statements of advice, according to a fintech....

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Financial planning

Trustees should come up with an approach that allows them to have necessary comfort that the quality of advice that is provided to members is as it should be, according t...

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Financial planning

Financial services guide and statement of advice documentations, breach reporting, and applying the Corporations Act are some of the key areas where exam takers are strug...

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JOHN GILLIES

GREAT EXAMPLE OF A GOVT DEPT SHIRKING IT'S RESPONSIBILITIES. THEY WERE GETTING A BIT TOO MUCH WORK.NONE OF THE REST OF U...

1 hour ago
JOHN GILLIES

I really don't know what makes these guy's tick to think they can get away with it, it's the height of stupidity! They c...

1 day 23 hours ago
Seti

The world is increasingly over US imperialism. The country built on mostly forced military global outposts post ww2 , ...

4 days 23 hours ago

Underestimating the cost of insurance by almost $75,000 in a Statement of Advice is among multiple reasons that a relevant provider has faced action from the FSCP. ...

4 weeks 1 day ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

6 days 23 hours ago

Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend....

2 weeks 2 days ago