AFA

Financial planning

Planning industry united on MySuper advice fees

The Treasurer, Josh Frydenberg, faces a fight from the financial planning industry as he seeks to move forward on implementing a Royal Commission recommendation banning t...

Financial planning

Advisers still better off than mortgage brokers from RC

AFA’s Phil Anderson says that despite pushback on Royal Commission recommendations to change trail commissions for mortgage brokers, advisers were still better prepared f...

Financial planning

Coursework associated with AFA’s FChFP worth one FASEA credit

The Financial Adviser Standards and Ethics Authority has granted one credit recognition of prior learning to coursework linked to the AFA’s FChFP designation and SAFAA’s ...

Financial planning

Annual renewals will generate up to 6 hours’ extra work

Financial advisers are facing significant extra hours of work to transition clients across to annual renewals....

Financial planning

Are advisers being asked to ‘dob’ each other?

Proposed new legislation would have the effect of compelling advisers or licensees to breach report competitors if they believed something adverse was happening....

Financial planning

FPA, AFA bushfire pro bono program opens

The two associations have come together to help those impacted by the bushfires to rebuild financially....

Financial planning

Women’s index up

The Financy Women’s Index has posted its best performance of 2019 in the December quarter thanks to a number of fresh records set in women’s financial progress....

Financial planning

Advice bodies brace for opt-in outline

How the Government proposes to approach yearly opt-in and fee arrangements is expected to be made clearer in the next week or so and financial adviser groups are bracing ...

Policy & Regulation

Govt pressured to exclude SMSFs from DDO regime

Self-Managed Superannuation Funds should be exempted from the Government’s new design and distribution regime because they are not like other financial products, accordin...

Policy & Regulation

Make annual opt-in flexible, workable says AFA

Advisers and their clients should retain control of opt-in arrangements and there should be flexibility for low fee-paying clients with less frequent interactions, accord...

Financial planning

Release of grandfathering submissions reveals positioning

Submissions directed to Treasury around the end of grandfathering revealed little significant resistance but genuine concern around how client rebates should work....

Financial planning

Should ASIC allow advisers flexibility on 12-month opt-in?

Amid concern and confusion around how the Australian Securities and Investments Commission yearly opt-in and fee disclosure will work, adviser groups are urging flexibili...

Financial planning

Finally, Hume appoints another FASEA director

Three months after the resignation of Matthew Rowe the Government has looked to former NAB Wealth executive, Will Hamilton, to fill the vacant industry spot on the board ...

Policy & Regulation

FASEA extension legislation now on notice paper

The Government may have promised action months ago, but the legislation which will extend the time-frames applying to the Financial Adviser Standards and Ethics Authority...

Financial planning

AFA seeks to move ahead of opt-in changes

Faced with unilateral action on the part of some superannuation funds, the Association of Financial Advisers has sought to move ahead of the Government’s 2020 legislative...