While the ATO has provided an updated determination on the tax deductibility of advice fees, CA ANZ’s Tony Negline says breaking down what portion of the advice can be claimed could be a challenge for financial advisers.
An industry veteran says the ethics CPD requirements are “insulting” and reinforce the notion that advisers are untrustworthy, eroding public perception of the profession.
The FAAA CEO has called for regulation that increases flexibility for advisers who want to take career breaks to raise a family or recover from illnesses.