In this episode of The ifa Show, host Keith Ford is joined by experienced financial services executive Tony Beaven to take a look at the similarities and differences between the UK and Australian financial advice sectors – and what each can learn from one another.

Beaven, who has worked in advice businesses across both countries, explains how the regulators across these jurisdictions work together to improve their processes and how the Financial Conduct Authority in the UK works could inform the future of Australian advice regulation.

Listen as they discuss:

• The place of robo-advice in reducing the advice gap.
• Why self-licensed advice firms need to fully understand the responsibilities that come along with it.
• How lowering the education benchmark for a new class of advisers could undermine professionalism.

In this episode of The ifa Show, host Keith Ford is joined by managing director of WT Financial Group Keith Cullen to discuss the recent passage of the first Delivering Better Financial Outcomes bill and the need to expand the advice profession.

Cullen explains how advisers engaging with the political process delivered a tangible outcome in the amendments that were made to section 99FA, and why he believes the next tranche of legislation needs to include practical ways for advice firms to incorporate the proposed new class of advisers into their businesses.

Listen as they discuss:

• The Senate’s recent report on ASIC and its recommendation to overhaul the way the industry funding model operates.
• Why it is vital that the profession finds new ways to bring talent into advice.
• The case for licensees taking on a greater share of the ASIC levy.

In this special budget episode, hosts Keith Ford and Aaron Dunn discuss the flurry of activity happening on the regulatory front – and the noticeable absence of the $3 million super tax from the final two sitting weeks of Parliament.

They discuss what has led to the debate over Division 296 being delayed, including the government’s increasingly precarious position in the Senate, as well as some of the recent changes that will have a more tangible impact in the short term, such as the ATO’s update to its tax ruling on pensions commencing and ceasing.

Listen as they discuss:

• The Senate’s recent report on ASIC and its recommendation to overhaul the way the industry funding model operates.
• How TR 2013/5 will operate and what SMSFs need to know.
• The changes to NALI and the impact it will have on SMSF members.