I’ve been trying to avoid a cliché about 2018 being a “big year” for financial advice, but how can I?
With the industry under heavy scrutiny during (and after) the Royal Commission, multiple reforms affecting advisers flagged by ASIC – including this one, this one and this one – and a crackdown on SMSF tax treatment by the ATO, one can be forgiven for struggling to keep up. And that’s not even going into the new FASEA standards that kick in next year.
Towards the end of 2018, there seems to have been some solidification in how the advice industry will need to operate in the future, but there’s a lot that remains to be seen.
Consultation for FASEA's relevant providers degrees, qualifications and courses draft legislative instrument closed on Friday. It likely won't be too long after
In its response to the Royal Commission, Labor said it would "act faster....
Here’s how the regulator is responding to the Royal Commission report.....
26 February, 2019
In its response to the Royal Commission, Labor said it would "act faster and go further" with the final report's recommendations.
21 February, 2019
Here’s how the regulator is responding to the Royal Commission report.
04 February, 2019
A range of recommendations have been made in the final report.