Advice Firm’s Licence Suspended After Key Person Breach
ASIC has suspended the AFS licence of Focused Financial Advice Pty Ltd (FFA) after the firm operated for more than two years without the mandatory key person required under its licence conditions.
ASIC announced the...
Padua Flags ‘Significant Contraction’ in Adviser Workforce
Hundreds of financial advisers are expected to exit the industry ahead of new education standards coming into force 1 January 2026, according to new analysis from Padua Wealth.
Colin Williams, the firm’s Wealth Data Manager,...
FAAA Launches Training Academy
The FAAA has launched Advice Academy to help build and support a pipeline of new advisers.
The academy will help Professional Year (PY) candidates and their supervisors, as well as employers and AFSL holders, through...
16 Million Australians Missing Out on Advice
More Australians are seeking financial advice as consumer satisfaction rises, according to Investment Trends’ 2025 Financial Advice Report. However, a shortage of advisers means millions are missing out on the guidance they want.
The report...
CALI Welcomes Introduction of Genetic Test Bill
CALI has welcomed the introduction of a bill in the Federal Parliament that proposes to ban predictive genetic test results in life insurance sector.
CALI CEO Christine Cupitt said the tabling of the bill is...
LifeBid Launch Nears
News of LifeBid’s imminent launch of its end-to-end risk advice and policy servicing platform attracted plenty of reader interest this week…
LifeBid founder, Brett Wright, used his presentation at the 2025 Bombora Advice Conference in...
Cbus Ordered to Pay $23 Million Claims Penalty
One of Australia’s largest superannuation fund trustees will have to pay a $23.5m penalty for “systemic and unreasonable delays in handling insurance claims”.
The Federal Court found that serious failures by United Super Pty Ltd...
Advisers Urged to Re-Think IP for SMEs
Advisers have been urged to adopt a more structured and proactive approach to income protection advice for small business clients.
Speaking at last week’s 2025 FAAA Congress in Perth, Acenda's Partner Education Manager Marshall Ross...
TAL Community Foundation Celebrates a Decade of Giving
TAL Community Foundation has contributed more than $8m and 21,000 volunteer hours to support Australian communities over the past 10 years. To celebrate the milestone, TAL’s four foundation partners have shared $100,000 in anniversary...
Risk Sales Down More Than 20%
Despite the relative stability in inflows, the actuaries and research firm Plan for Life's latest Market Overview shows total annual risk sales were down 21.8% in the year to June. The result was driven...