Editor's Choice
MLC AM targets EM strategy with fresh mandate
MLC Asset Management has selected a global investment manager to leverage its 16-year-old emerging markets strategy.
Digital assets on the right path: Industry
Digital asset providers have evaluated the October deadline and ASIC's consultation on the looming digital asset laws and determined that these developments mark a pivotal point on the sector's implementation journey.
NCAs unlikely to solve retirement advice gap: HUB24, CFS
HUB24 and Colonial First State (CFS) say the New Class of Advisers (NCA) will unlikely solve the retirement advice gap Australians face, noting the focus needs to be on helping reduce friction for those with complex advice needs.
AustralianSuper rolls out new investment data platform
AustralianSuper has implemented a new investment data platform designed to improve portfolio oversight, risk management and decision-making as the superannuation fund expands its global operations.
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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 Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
I must state upfront that I am an ICAA member. This proposal shows a complete lack of understanding by the ICAA of the compliance responsibilities of being licensed. This goes back to the days when I first became a Financial Planner in 1987 which everyone was effectively having their own licence but via a licensed dealer.
Who is going to be responsible for advice given if every adviser has their own licence? How is this to be covered from a Professional Indemnity Insurance perspective?
Last time I checked, Accountants are not licensed to practice as accountants. They are granted Practicing Certificates from their relevant accounting body. Is the ICAA saying that every accountant in a practice holds a Tax Agents regsitration? I know that is not correct.
Come down off your ivory towers and talk to those who are actually involved in the Financial Planning Profession.