Category Archives: News
Rolling the ASIC LIF Review into the 2022 Review of the Quality of Financial Advice
AFA News 30 April 2021. On 21 April 2021, at the FSC Life Insurance Summit, Minister Hume announced that the Government had made the decision to roll the 2021 ASIC LIF Review into another key advice review that will be conducted in 2022. Recommendation 2.3 of the Banking Royal Commission required the Government to undertake […]
More on the Single Disciplinary Body and the FASEA Exam
AFA News 30 April 2021. One week after the release of the exposure draft legislation for the Single Disciplinary Body (SDB) we are now reflecting on the key changes that this new regime will deliver. In the last week, we have had the benefit of discussing this and other important issues with the Minister and […]
FSC Green Paper on Affordable and Accessible Advice
AFA News 30 April 2021. On 19 April 2021 the FSC issued a Green Paper on Affordable and Accessible Advice. The release of this paper signals the broad acceptance of the problem with the accessibility and affordability of financial advice for everyday Australians and points to the commitment to address this issue. This is on […]
‘Understanding your Annual Renewal Obligations’ Webinar
AFA News 30 April 2021. Thank you to all the members who attended the Annual Renewal Webinar on Tuesday 20 April 2021, and to those who asked questions. There was strong member attendance, as many advisers are starting to think about how they implement the Annual Renewal regime and consider the decisions that need to […]
Claims Handling Exemption
AFA News 22 April 2021. In December last year the Government passed the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, which included a number of elements that will impact financial advice, including a requirement for AFSLs to include an authorisation to assist with insurance claims, a new breach reporting regime, and reference checking […]
