Hume pledges less red tape for advisersBY KARREN VERGARA | WEDNESDAY, 2 MAR 2022 12:30PMThe Liberal Party is promising major changes to the financial advice industry ahead of the federal election, ones that will overhaul compliance, costs, and education standards. Related News |
Editor's Choice
BT appoints new head of strategy
A former Allianz Retire+ executive has joined BT as the new head of strategy.
ASX sees trade volumes soar in May
ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.
Otivo launches AI-powered financial advice
Otivo has launched a mobile app for Australians to access licensed advice powered by AI.
Munro expands access to climate focused fund
The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.
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
David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
It may not be fashionable to say this, but what the disenfranchised masses - the ordinary Mums & Dads - need more than ever today, is what they lost (or never had) due to the excessive and largely unnecessary regulations imposed on advisers. Ordinary Mums & Dads don't need sophisticated, degree-qualified advisers, but simply someone with common sense and empathy to guide them through the labyrinth of red tape associated with superannuation, insurance and elementary planning matters. And they are averse to paying 'consulting fees'.
If you believe Jane Hume, please let me know; I have a lovely bridge in Sydney to sell you.
Too Little way way too late ! Liberal's betrayed there base and must go. Our industry has been destroyed - let the CFMEU run the place ! CBUS / Pro build anyone ?????
Can only say Jane. Your government lied to us and created the mess you say you will fix. Well that would require you to be re elected and after the mess you have created I for one will not be voting for you to get the chance. It would require trust and the Liberal government burnt mine. A few years in opposition will help you learn a valuable lesson. TOO LITTLE TOO LATE!!!
We have been now told that we are in the latest Profession. Senator Hume needs to stop calling it an industry and call it a profession. Which it is.
Why now?! These clowns have had years to address this. Any advisers serious about staying In the industry have already completed the ridiculous FASEA exam and all or most of the post graduate units to stay viable in the industry... at the expense of the time that they could have better spent on their clients and families.