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| | | The landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial ... |
| | | | The Better Advice Bill is proposing several changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft ... |
| | | | In place of its traditional awards program this year, the Association of Financial Advisers unveiled the recipients of the inaugural Great Advice Awards. AFA national president Michael Nowak said due to COVID-19 restrictions and being unable to host ... |
| | | | According to analysis from Openmarkets Group, on average Baby Boomers and Generation X are making money on meme stocks, while Millennials are losing money. The analysis covered 11 "meme stocks" (stocks whose share prices skyrocketed due to social media ... |
| | | | Young males no longer make up the majority of cryptocurrency investors, with older Australians and women investing large amounts, according to BTC Markets. BTC Markets' Investor Report FY20-21 showed almost one in four crypto investors are over the ... |
| | | | According to new analysis, stock picks which became popular on Facebook, Reddit and Twitter were almost guaranteed to see investors lose money. OpenMarkets Group (OMG) looked at trending stocks across Facebook, Reddit and Twitter - particularly those ... |
| | | | Holon Global Investments has launched the Holon Wholesale Filecoin Fund, allowing investors exposure to a different kind of digital asset. The fund is seeking to raise $25 million over three months and will not charge a management fee. Filecoin was ... |
| | | | The latest researcher to run the numbers says as many as 20% of super funds could fail the Your Future, Your Super performance test in any given year, with a strong likelihood they'll fail again in the years to follow. According to Parametric modelling ... |
| | | | The Financial Adviser Standards and Ethics Authority (FASEA) exam held in May recorded another low pass rate, continuing the trend of previous exams. Of the 1894 advisers that sat the exam, 69% passed. This is in line with the March results which also ... |
| | | | Financial advice regulatory reforms that include establishing one disciplinary body and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced ... |
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