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Showing 101 - 110 of 182 results for "Financial Advice Association"

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... and cannot be deducted, and that ongoing advice fees are deductible. Responding to the decision, Financial Advice Association Australia (FAAA) chief executive Sarah Abood said: "We want to thank the ATO for bringing this matter to a conclusion." "The ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
A public inquiry into the collapse of Dixon Advisory will soon launch after the Financial Advice Association Australia (FAAA) gained support from Senator Pauline Hanson in the senate yesterday. After pounding the pavement for months, the FAAA has successfully ...

FAAA ramps up Dixon inquiry campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
The Financial Advice Association Australia (FAAA) is calling on all federal members of parliament to support a public inquiry into the collapse of Dixon Advisory and the flow-on effect on the Compensation Scheme of Last Resort (CSLR). The FAAA has written ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... Keeble said. "As a result, there are no remaining contingent liabilities related to this matter." Financial Advice Association Australia (FAAA) general manager policy, advocacy, and standards Phil Anderson said there is $135 million in compensation related ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... legislation is really clear. [The] words in the legislation is ASIC must cancel the licence," he said. Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson said the cancellation of Libertas' ...

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
The Financial Advice Association Australia (FAAA) said it has met with minister for financial services Stephen Jones to raise key concerns regarding the Compensation Scheme of Last Resort (CSLR). FAAA chief executive Sarah Abood and chair David Sharpe ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Financial Advice Association Australia (FAAA) general manager policy, advocacy and standards Phil Anderson has outlined the industry's biggest gripes with the collapse of Dixon Advisory and how it has been handled. Anderson said he is angry about the ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... their obligations under the new regime, which has been in operation for four months. Berry told a Financial Advice Association Australia (FAAA) event yesterday that the "ongoing sustainability of organisations is certainly paramount in the decisions ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial advice sector will have to fund $135 million of these claims. "This highlights ...

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... have a negative impact attracting university students and new entrants to the industry?" he said. Financial Advice Association Australia (FAAA) data shows that only 312 advisers entered the profession in 2023. "We've lost a lot of experienced advisers ...