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13 October, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Industry associations unite against the CSLR advice burden 

A group of industry and consumer associations have jointly condemned the Government's proposed compensation scheme of last resort (CSLR), arguing it dispro....

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13 October, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Advisers weigh in on why Australians are shunning advice

According to a new piece of research from the FPA, many Australians still don't see the value of advice, with nearly half (41%) of participants expressi....

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06 October, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Why the cost of the FASEA exam has nearly doubled

Following on from last week's discussion about the Better Advice Bill amendments, we look into why the price of admission to FASEA certification is set ....

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06 October, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Are advice laws strangling innovation in financial services? 

Insights from a recent ASIC report suggest that the complex regulatory framework in which advisers operate doesn't just affect the advice industry – i....

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29 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Why advice compensation costs could skyrocket under CSLR

According to new modelling, the costs of the compensation scheme of last resort (CSLR) could balloon to nearly $60 million per annum – far above the $....

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29 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

The Government just made new exam and Code of Ethics rules

Today, legislation and regulations supporting the Better Advice Bill have been opened for consultation. These include details on breach reporting and the f....

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22 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

The long-term damage FASEA could do to the investment market

While the Australian market has typically seen a very healthy level of retail investor participation, the decreasing number of investment advisers availabl....

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22 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

ASIC spells out what advisers need to do from October

Despite being just a few weeks away, the DDO regime has seen multiple adjustments and amendments of late. As such, it's unsurprising if there's still some ....

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15 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

The dangerous oversight in the DDO legislation

The results from our latest survey suggest a mix of confusion and dread regarding the looming DDO regime. And according ....

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15 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Is there a fundamental conflict at the heart of ASIC's new agenda? 

Appearing before a parliamentary committee, ASIC's new chair addressed the supposedly competing goals in the Government's Statement of Expectations and ....

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08 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

Are TikTok finfluencers friend or foe?

Part of ASIC's new approach will involve heavy scrutiny of popular social media personalities offering financial tips to their vast audiences. While the....

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08 September, 2021

Alex Burke,  Senior Writer,  No More Practice Education

The new era of advice regulation

Treasurer Josh Frydenberg's mandate, along with the establishment of a "red tape reduction" unit and the sudden reversal on the adviser levy suggest maj....

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The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice or its related entities. All content is intended for a professional financial adviser audience only and does not constitute financial advice. To view our full terms and conditions, click here.

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