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Reforms to Reduce Cost of Providing Financial Advice

Reforms to Reduce Cost of Providing Financial Advice
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Blake Briggs , Financial Services Council , Best Interests Duty , Retirement Income ,

Key advice reforms still coming, Jones promises

Minister for financial services Stephen Jones has confirmed the government remains committed to removing Statements of Advice and the Safe Harbour Steps, as well as accelerating changes to education requirements to meet increased demand for advice. ....

Santa Claus , Stephen Jones , Financial Services Guides , Financial Advice Association Australia Congress , Safe Harbour Steps , Advice Review , Best Interests Duty , Fee Disclosure Statements ,

Treasury unveils advice reforms draft legislation

Treasury has released long-awaited draft legislation to reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). ....

Andrew Bragg , Blake Briggs , Sarah Abood , Financial Advice Association Australia , Financial Services Guide , Financial Services Council , Best Interests Duty , Delivering Better Financial Outcomes , Laws Amendment , Advice Review , Explanatory Memorandum , Safe Harbour Steps , South Wales Liberal , Levy Review , Services Council ,

'Cherry-picking' QAR recommendations dilutes impact

The head of a fintech firm said implementing only some of the Quality of Advice Review recommendations could potentially dilute its effectiveness. Ahead of the SMSF Adviser Technical Strategy Day 2023 ....

New South Wales , George Haramis , Corporate Solutions , Australian Digital Advice Association , Seasons Hotel , Ignition Advice , Best Interests Duty , Technical Strategy Day , Four Seasons Hotel , Rydges Southbank , Grand Hyatt ,