Conrad Travers News Today

There will be a strong focus on ethical behaviour at the SMSF Association National Conference in February. Offering valuable CPD hours, a wide array of speakers will address ethical issues through e

The importance of AI and a healthy work-life balance in the industry of tomorrow will be under the microscope at the SMSF Association National Conference in February. The important role that AI will p

With an ATO review underway to make financial advice tax deductible, Tangelo Advice Consulting’s Conrad Travers has reiterated why this would be a positive step forward for the industry.

Monthly complaints have fallen, but they could rise again by opening the scope of advice to other providers, according to AFCA lead ombudsman for investments and advice Shail Singh.

With speculation mounting over the future of Statements of Advice, the fundamental focus won’t shift – advisers must prioritise clear advice strategies.

The Quality of Advice Reviews recommendation to abolish Fee Disclosure Statements would be a major win for financial advisers as many continue to grapple with providing accurate documents to clients.

The tax office has opened a consultation to update its guidance on the tax deductibility of financial advice fees, a regime that hasn’t been updated in over a decade.

Three consulting firms have joined forces on a submission to the Quality of Advice Review, highlighting the need to follow the UK’s regulatory model of clearly labelling the difference between restricted advice and independent advice models.

With no oversight and with the formulation of a disciplinary body still in transition, advisers and licensees have put on hold the supervision and application of the Code of Ethics despite the possible legal ramifications associated with doing so. Currently it is a requirement under the Corporations Act following reforms introduced in March 2017 to adhere to new professional standards including compliance with the Code of Ethics. In its timeline the securities regulator sets out that from Janua...