peter johnston

Financial planning

Organisations have welcomed the election of Anthony Albanese as the next Prime Minister with the hope he will provide greater certainty for advisers after legislative cha...

Financial planning

Delivery of Quality of Advice review ‘questionable’: AIOFP

The industry is tired of reviews being passed onto third-parties, according to an industry expert, and advice must be separated from product for the review to be successf...

Financial planning

Robo-advice as conflicted as vertical integration: AIOFP

The introduction of robo-advice is as conflicted as vertical integration and has not been successful anywhere in the world, according to the Association of Independently ...

Policy & Regulation

AIOFP questions decision to exclude banks from CSLR

It has asked whether Senator Jane Hume’s and Treasurer Josh Frydenberg’s pre-political careers in the banking industry create a conflict of interest....

Financial planning

Advisers should not be relied on to fund CSLR

As they make up only a fraction of complaints to the Australian Financial Complaints Authority, advisers should not be relied on to fund the compensation scheme of last r...

Financial planning

Advisers shouldn't be responsible for product failure

Product and advice should be kept separate, and advisers should not be responsible for product failure, according to an association....

Financial planning

Backlash slows ASIC’s termination of grandfathered commissions: AIOFP

The corporate regulator is only putting the brakes on terminating grandfathered commissions because consumers have started to realise the cost of advice has escalated due...

Financial planning

AIOFP to take Govt to court over grandfathering

The Association of Independently Owned Financial Professionals has hired a QC with the intent of arguing before the High Court that proposals to ban grandfathered revenue...

Financial planning

AIOFP presents FASEA criticism to federal pollies

The Association of Independently Owned Financial Professionals this morning sent out a report outlining the potential impact of the Financial Adviser Standards and Ethics...

Financial planning

AIOFP calls on advisers to get clients’ to petition

The Association of Independently Owned Financial Professionals (AIOFP) has called on advisers to petition the Government regarding FASEA’s reforms by utilising support fr...