Tuesday, July 8, 2025

Strong Support for Change to LIF Commission Structure

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Advisers have sent a strong message in support of a proposition to restructure the LIF commission caps. As we go to print, 82% of those voting in our latest poll agree with John Trowbridge's call...

Advisers Reveal Strategy to Significantly Increase Profit

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Three Australian advisers at the 2025 MDRT Annual Meeting have shared the key to unlocking their ability to significantly increase the profitability of their businesses while serving fewer clients. While they cater to different client...

Estimated Adviser Levies Announced

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Provisional industry funding levies have been released by ASIC for the 2024-25 financial year. While figures won't be confirmed until December, AFS licensees are currently looking at a minimum levy of $1,500, plus an additional...

Federal Court Challenged Over HCF Insurance Decision

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ASIC has lodged an appeal against a Federal Court decision that rejected part of its case against HCF Life Insurance concerning a pre-existing condition clause in several of the firm’s policies. In an October 2024...

Financial Adviser Faces Permanent Ban

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ASIC has permanently banned financial adviser Barry David King from providing financial services. The regulator has determined that King is not a fit and proper person to provide financial services and alleges he is likely...

Latest Offering from TAL’s Risk Academy

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TAL’s Risk Academy program for the second half of this year has been announced, and includes expert-led sessions on legislative change and ethics to expanded support for professional year candidates along with webinars for...

Call for Urgent Action on CSLR

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The government is being asked to make urgent and significant changes to the CSLR to ensure fairness and sustainability, following the release of CSLR’s update for the 2025/26 financial year. The FAAA's CEO Sarah Abood...

Adviser Numbers Down But Bounce-Back Expected

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The first week of July saw a net loss of 190 advisers in addition to the 359 lost in June. But it's not all bad news. Colin Williams, Founder of Wealth Data says while the...

ASIC Cancels Two AFS Licences

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ASIC has cancelled the AFS licence of Downunder Insurance Services, effective 24 June 2025, and Ipraxis Pty, effective 25 June 2025. The licences were cancelled after the firms failed to pay industry funding levies which...

Nominations Invited for FAAA Awards

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Nominations are open for the 2025 FAAA Awards, with members encouraged to either put themselves forward or nominate fellow members who exemplify excellence in financial advice and community service. Tania Milnes, the FAAA's GM, membership,...