Experience pathway consultation opensBY KARREN VERGARA | TUESDAY, 18 APR 2023 12:47PMThe federal government today opened consultation to clarify the educational requirements for experienced financial advisers and new entrants. Related News |
Editor's Choice
Australian Ethical ups fees across most super options
Australian Ethical has increased fees across most of its superannuation investment options shortly after decreasing them earlier in the year.
Mall owners count cost as David Jones enters administration
Shopping centre owners Scentre Group and Vicinity Centres have almost $80 million a year in rent at stake after Australia's iconic David Jones went into voluntary administration following 188 years of trading.
Australian Unity executive to retire
A long-serving Australian Unity executive, who has been instrumental in developing of a $2.8 billion trust, is bidding farewell to the organisation after 25 years, as he prepares for retirement.
Instos lower active risk to 'eke out more alpha': Acadian
Large superannuation funds are reallocating from their passive books, and in some cases away from discretionary managers, and moving it into lower-risk systematic strategies, according to Acadian Asset Management (AAM).
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
In the recent past, educational requirements were prescribed by academics, seeking to feather their own nest and it only made entry requirements too high which also lacked functional purpose. Treasury should do its research like an exit poll on advisers who left the advising profession and ask them why? (2018: 28,000 to 2022: 17,000. My actuarial model is that retail Financial Advisers should demographically be around 1% of population.) Otherwise, the dream-boat academics will try to reinvest another new wheel, as their theoretical contribution, so daunting history of requirements repeats itself! As I wrote in my submission to the QAR, there needs to horizontal coordination with the FP professional association as the Peak Industry Coordinator, to tell Treasury what needs to be implemented in Regulatory Industry Governance as a functional Microprudential framework. Vertical authorities across the Macroprudential world with the smartest legal eagles have failed in the last 50 years.