Independent Statutory Advice Board is essential to regain trust

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The Financial Services Council is advocating for the establishment of a statutory, independent, Advice Competency Standards Board (ACSB) for financial advisers to rebuild the trust of consumers in financial advice, John

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Licensee Breaches: When in doubt, report

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The Australian Securities and Investments Commission (ASIC) is reminding Australian Financial Services (AFS) licensees that significant or likely breaches of their obligations must be notified within 10 days. Managing Director

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ASIC update on financial advice stakeholder engagement

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ASIC yesterday reported on the results of two financial advice industry engagement projects conducted during the 2013–14 financial year. This work included meetings with representatives of 95 Australian financial services (AFS)

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Investment focus at AFA National Conference – AFA partners with PortfolioConstruction Forum

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The Association of Financial Advisers (AFA) has partnered with PortfolioConstruction Forum to offer practitioner-focused investment content at the 2014 AFA National Adviser Conference to be held in Cairns, 12-14 October.

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Sharing the secrets of successful savers

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An online poll conducted by ASIC’s MoneySmart has revealed the top five techniques used by successful savers.[1] Of those who are confident of achieving their savings goals: 78% say they

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Financial literacy in schools: teach the children well

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Financial planner, Christine Hornery, CFP, director of FMS Group and Association of Financial Advisers (AFA) 2012 Female Excellence in Advice Award winner, has welcomed comments made by Australian Securities and

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FPA calls for further focus on improving planner education standards

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The Financial Planning Association of Australia (FPA) continues to champion the need to change current education requirements within the financial planning profession, focusing heavily on this in its recent submission

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Australia needs a new framework for financial advice

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The Financial Services Council has called for new architecture for Australia’s financial advice industry. John Brogden, CEO of the FSC said: “Significantly improved adviser education, increased ASIC powers and greater

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TAL seeks better life insurance outcomes for consumers

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Australia’s largest life insurer TAL recommends in a new submission to the Financial System Inquiry a range of measures to improve consumer outcomes for life insurance products and services. TAL

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