After a series of scandals rocked the financial advice industry—including the provision of inappropriate advice and the charging of fees for no service—new professional standards have been established to improve the quality and transparency of advice services in Australia. Lifting professional standards for advice Commencing on 1 January 2019, these standards apply to new entrants and heighten the education and conduct requirements for those providing personal advice. Existing advisers have until 1 January 2026 to fully comply with these requirements and meet the standard. The Financial Adviser Standards and Ethics Authority (FASEA) was established by the Federal Government in April...