Fri, 19th Sep 2025
from Finance News Wrap Hosted by Paige Estritori
In this latest episode of the Financial Services Online podcast, Paige Estritori discusses the new legislation released by the Australian Securities and Investments Commission (ASIC). Named the ASIC Corporations Instrument 2025/234, this significant update consolidates three previous instruments and retains relief provisions for general advice providers. Despite approval from the Financial Advice Association Australia (FAAA), the distinction between general and personal advice could be challenging for consumers. The FAAA supports ASIC's stance on simplified warnings but advocates for clearer consumer education to mitigate potential confusion. They note that financial services licensees can benefit from exemptions if general advice is appropriately provided. Lastly, they encourage a deeper understanding of these limitations. As always, listeners are reminded that informed financial decisions necessitate constant discernment, and that Financial Services Online is dedicated to guiding them through this evolving landscape.
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