Adviser levy tripled, labelled "deeply unfair"BY JAMIE WILLIAMSON | THURSDAY, 29 JUN 2023 12:17PMThe estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Related News |
Editor's Choice
Three universities ditch financial planning courses
Three major universities have pulled the plug on their financial planning courses due to the lack of student interest in a major blow for the profession as it struggles to attract new entrants.
TCorp buys Euroclear stake from LSEG
TCorp is now a minority owner of financial markets infrastructure company Euroclear.
Crypto operator to fork out millions after court ruling
Bit Trade, the operator of the Kraken Exchange in Australia, has been slapped with an $8 million fine for "unlawfully issuing a credit facility to more than 1100 customers."
Anne Fuchs takes on new role at ART
The high-profile financial services expert faces new challenges at the nation's second-largest super fund.
Products
Featured Profile
Kellie Wood
HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.
This is disgraceful. Advisers cannot keep on being screwed and taken advantage of.
Why should I continue to pay for others previous mistakes, and creating ASIC regulations and their expenses, especially since our industry has lost over 15,000 advisers since this restructure started. The cowboys hopefully are gone now. Stop penalising the rest of us who do the right thing.
The complete disregard and disconnect shown by Government entities towards the small to medium private sector, who by the way, employ the majority of Australians is horrifying.
If this insanity continues of driving more restrictions of trade, massive cost imposts / red tape that acts as anchors to the detriment of Australians and Australia, with little benefit to show why we were all put through the wringer, then all we will end up with, is Government directed and Tax payer funded, NON producing entities who make nothing, do nothing, except to grind down and in many cases, destroy private sector Businesses that keep the economy going.
Absolutely bloody disgusting, thank goodness I got out years ago.