Zurich welcomes AFA and FPA merger

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Zurich Financial Services Australia (Zurich) has welcomed the successful vote by members to merge the Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA). The creation... Read more continue reading

Practical ways to build a sustainable risk advice proposition in a post-QAR world

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Commissions retained but the challenge remains The long-awaited final report for the Quality of Advice Review – authored by Michelle Levy – was publicly released at the start of February... Read more continue reading

ASIC to expand enforcement focus areas in the coming year

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ASIC has warned businesses it will be targeting greenwashing, predatory lending and misleading insurance pricing promises this year, as part of a continuing focus on protecting consumers from financial harm.... Read more continue reading

QAR recommendations would rapidly accelerate delivery of digital financial advice in Australia says abrdn

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Global asset manager abrdn says key recommendations in the Quality of Advice Review (QAR) could rapidly accelerate the delivery of digital advice by super funds and assets managers like itself... Read more continue reading

Lifespan welcomes key aspects of Quality of Advice Review, but urges caution

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Lifespan Financial Planning, one of Australia’s largest privately-owned financial advice networks, has welcomed key aspects of Michelle Levy’s Quality of Advice Review recommendations, and her bold approach, but says deeper... Read more continue reading

Digital tools central to quality of advice

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The Quality of Advice report made by Michelle Levy to the Federal Government makes it clear that technology, in particular digital advice, will be central to helping more Australians access... Read more continue reading

Quality of Advice Review Reforms Critical for Australian Lives

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MLC Life Insurance welcomes the Quality of Advice Review (QAR) Final Report and the Albanese Government’s commitment to consulting on the report’s findings. Kent Griffin, Managing Director of MLC Life... Read more continue reading

Financial adviser registration delayed

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On Tuesday, 1 November 2022, the Assistant Treasurer and Minister for Financial Services announced a six-month delay to the requirement to register financial advisers with ASIC (see Delay to financial adviser... Read more continue reading

ASIC announces Enforcement Priorities for 2023

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ASIC has announced its Enforcement Priorities for 2023, which will include enforcement action on greenwashing and predatory lending, as well as a continuing focus on disrupting investment scams. ASIC Deputy Chair... Read more continue reading

ASIC reports on practices in wholesale financial markets

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ASIC has released two reports on better and poorer practices in wholesale financial markets and encourages participants in these markets to benchmark themselves against the practices. Report 741 Conduct risk in... Read more continue reading