11+ hour, 48+ min ago   (394+ words) This comes as the Government has essentially greenlit the large superfunds too invest deeper in their financial advice capabilities following the announcement of the implementation of the ‘New Class of Adviser’ regime. “Advice has the power to change lives, not…...

3+ day, 12+ hour ago   (488+ words) A core part of Financial Services Minister Dan Mulino’s tranche of reforms announced last month was a new anti-hawking regime, which will enhance consent requirements, limit the existing financial advice exemption to existing client relationships and strengthen penalties for breaches....

4+ day, 14+ hour ago   (493+ words) ASIC is looking closely at super trustees in the wake of Shield and First Guardian which means advisers should expect greater scrutiny when it comes to clients paying for advice out of their super, according to Joel Ronchi, chief executive…...

6+ day, 12+ hour ago   (1040+ words) This provision allows super trustees to seek financial assistance from the Financial Services mister to cover losses resulting from fraud. In this case, that related to the $240 million lost across 2,079 members connected to Diversa. In his opening statement, Diversa independent…...

1+ week, 13+ hour ago   (248+ words) According to MLC Expand, the guide will show advisers and their clients how to locate important Australian Taxation Office (ATO) super information in MyGov. This includes total super balance, concessional contribution cap history, non-concessional contribution information and transfer balance cap…...

1+ week, 4+ day ago   (1008+ words) Shield and First Guardian have dominated conversations across advice for at least the last 12 months after the funds collapsed and financial calamity ensued leaving investors’ retirement savings in the wind and financial advisers picking up the bill. Before that it…...

2+ week, 6+ day ago   (486+ words) The Australians least likely to be paying for financial advice are the quickest to pick up free artificial intelligence (AI) research tools, according to new figures from online broker Webull Australia. Webull launched an AI assistant called Vega AI to…...