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Advisers push for �bold� reforms to cut costs

Mon, 19 Apr 2021 12:35:00 +1000

Advisers have called for “bold and fundamental changes” to the legislative and regulatory framework governing the sector, including the classification of advice into either general information or personal advice...

ASIC signals advice guidance changes on the cards

Mon, 19 Apr 2021 12:35:00 +1000

The corporate regulator has flagged possible changes to the way its guidance is “structured and set” for the provision of advice to consumers, following a consultation with advisers, academics and other industry stakeholders...

Advisers call for �further analysis� of breach reporting regime

Mon, 19 Apr 2021 12:34:00 +1000

Financial advisers have “serious concern” with the new breach reporting regime that will be introduced in October, warning the legislation in its present form could lead to increased operating costs that may have to be passed on to consumers...

Humans still trump bots when it comes to financial planning

Mon, 19 Apr 2021 12:33:00 +1000

Industry reservations over machine-generated advice still run deep, with many pointing out humans retain an edge over algorithms when it comes to financial planning, according to submissions received by the corporate regulator...

FASEA chairman reappointed

Mon, 19 Apr 2021 12:33:00 +1000

Catherine Walter has been reappointed part-time Chairman of the Financial Adviser Standards and Ethics Authority...

ASIC extends COVID relief measure for advisers

Mon, 19 Apr 2021 12:32:00 +1000

The Australian Securities and Investments Commission will extend one of three COVID temporary relief measures aimed at helping advisers provide affordable services to consumers during the pandemic...

FMA gives advice provider breakdown under new regime

Mon, 19 Apr 2021 12:31:00 +1000

New Zealand’s Financial Markets Authority has provided a breakdown of financial advice providers since new laws governing the sector came into effect last month...

MLC Life hires senior finance GMs from Integrity, TAL

Mon, 19 Apr 2021 12:25:00 +1000

MLC Life Insurance has made two senior additions to its finance team in newly-created management roles...