ASIC has released Report 833 – Safeguarding super: How well are platform trustees monitoring risks to retirement savings? following a review of six major platform superannuation trustees.

As trustees respond to ASIC's findings, advisers should expect an increase in requests for advice documents and explanations about particular client transactions, fee arrangements and recommendations.

Advisers no longer need to provide a Financial Services Guide (FSG) to every single client. Instead, they can now make this information available as Website Disclosure Information on their website. This change offers a great opportunity to simplify the administrative side of financial advice and modernise how we engage with clients.

Recently, we were asked by an advisor about meeting their obligations under the Australian Privacy Principles (APPs).

This article will address some of the issues to consider and how to go about approaching the SOA vs ROA conundrum.

Under recent legislative changes, as an Australian financial services (AFS) licensee, who provide financial services to retail clients, we are required to report to ASIC any consumer and small business complaints under the internal dispute resolution (IDR) procedures.

So, what does that mean?

In this blog post, we will clarify the advisers role in assisting clients with developing investment strategies for the SMSF. There is sometimes confusion as to whose role it is to develop the investment strategy – is that the accountants job, or can you do that as the adviser?

As financial advisors, we often face situations where we have to provide advice based on incomplete or inaccurate information. This can be challenging, but there are ways to navigate these situations and still provide appropriate advice to our clients.

We have recently been working with advisers on trying to simplify your advice. To demonstrate this, we will go through a recent client scenario:

In this article, we look at how compliance has completely dominated the focus of an advice practice and the ways you can shift that focus back to demonstrating the value of your advice.

Changing Licensee to IIP - FAQ’s: Here are the things you ought to know