Editorial

Assistant Treasurer and Minister for Financial Services, Bill Shorten, stirred up a great deal of anger and resentment recently by saying that he did not believe the key ...

Editorial

FOFA squeezing smaller players out

It is now becoming increasingly clear that one of the major consequences of the Government’s Future of Financial Advice (FOFA) changes will be further industry consolidat...

Editorial

ISN's FOFA politicking finally attracts FPA criticism

The Financial Planning Association (FPA) has finally called a spade a spade. It has accused the Industry Super Network (ISN) of using its political influence and the Futu...

Editorial

Intra-fund advice class order removal a relief

ASIC's guidance document on scalable advice should be welcomed for one thing, the manner in which it proposes to remove the class relief granted to superannuation fund tr...

Editorial

Government's weak hand forces a FOFA bluff

Financial planners have finally been given the details of the Government's FOFA reforms. In an editorial written prior to the release of the reform package Mike Taylor wa...

Editorial

MySuper the lowest common denominator

Amid all the discussion around the recent release of the Government’s Stonger Super package, there existed the strong assumption that low-cost, low-fee MySuper products w...

Editorial

Superannuation bungle reveals Gillard’s hand

Prime Minister Julia Gillard recently revealed the degree to which the Government viewed the Industry Super Network as not only a close political ally but also a key sour...

Editorial

Govt's FOFA reforms a return to the 1980s

If the Government had cared to undertake a full regulatory impact analysis of its new legislation it might have quickly concluded that, in many respects, it was turning b...

Editorial

FOFA stampede could get uglier

The financial planning industry has been undertaking some intense lobbying in recent weeks in the hope of extracting some key amendments to the Government’s Future of Fin...

Editorial

Illiquid assets and solid superannuation funds

When the chief executive of the Association of Superannuation Funds of Australia (ASFA), Pauline Vamos, last week issued a release clearly aimed at countering adverse rep...

Editorial

Protecting investors from themselves

An Australian Crime Commission report into investment scams has underscored the role financial planners have in protecting investors from themselves....