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Do new independence disclosures go far enough? Do new independence disclosures go far enough? An industry body is calling for asset-based fees to be recognised as conflicted remuneration and disclosed to clients, but concedes the government has shown little recent interest in addressing the issue. A A PIFA president Daniel Brammall said the industry association had been unsuccessful in its bid to amend royal commission legislation around annual renewals and independence disclosures to include asset-based fees, despite “a great deal of interest from all sides of politics”. “The interest ...

Here's What A Civilian Climate Corps Could Look Like A new proposal from an influential policy outfit outlines how the Biden administration could put 1.5 million Americans to work. Corbis via Getty Images Civilian Conservation Corps worker Carl Simon installs insulators on top of a telephone pole about 1940 in Superior National Forest in Minnesota. It’s December 2025, the end of a difficult year. Just a few months earlier, a massive hurricane destroyed dozens of homes in your town, even killed a few of your neighbors. Your house was fine, but you lost power for weeks. The waterfront park wh...

Federal Court judge to head Corps Act inquiry Federal Court judge to head Corps Act inquiry A Federal Court judge has been appointed to oversee the Australian Law Reform Commission’s (ALRC) inquiry into the suitability of current financial services laws, as the government seeks to simplify what it terms an “overly prescriptive approach to regulation”. A A In a statement, the ALRC announced that Perth-based Federal Court judge Craig Colvin would oversee the review of the legislative framework for corporations and financial services regulation, which formed part of the government’s resp...

Adviser outflows slow, zombie licences grow Adviser outflows slow, zombie licences grow Adviser outflows “took a breather” through the quarter in the face of more positive industry news and regulatory efforts. A A Total adviser numbers contracted by 388 (1.8 per cent) for the quarter, leaving the total population at 21,146 – significantly better than previous quarters, according to the latest Adviser Ratings Musical Chairs report, suggesting that advisers might be taking “a more positive long-term view on their future in the industry”. “In the last quarter, there has been a subst...