ALRC seeks to better recognise advice professionalism in legislation; CSLR passing brings hope for DASS victims

The ALRC’s third interim report is seeking to change financial services legislation to better reflect efforts that have been made to improve advice outcomes and professionalise advice.

The Australian Financial Complaints Authority will begin reviewing the status of paused complaints, including around 1,700 related to Dixon Advisory, now that Parliament has passed the Compensation Scheme of Last Resort.

There were more than 20 individual and group winners at the Fund Manager of the Year Awards 2023, hosted by Money Management.

In the last 12 months, there’s been a marked improvement in future planning among mature firms, according to Adviser Ratings, but younger firms have yet to follow suit.

The volatile market environment means investors have dropped their idea of ‘set and forget’ and are keen to receive trusted professional advice, according to Natixis Investment Managers.

With merger activity top of mind for many financial planning firms strained by costs and regulation, this paraplanning firm has shared some pros and cons to take on board.

With the end of financial year around the corner, maximising concessional super contributions and 2024 tax planning will be on advisers’ minds.