AFA

Financial planning

Sinodinos confirms Government’s intentions and timetable on FOFA changes along with moratorium on major change during Financial Systems Review....

Policy & Regulation

Industry welcomes tax announcement

The financial services industry has broadly welcomed the Government’s move to abolish the proposed tax on super earnings over $100,000....

Superannuation

ASIC must deter SMSF property spruikers

There is clearly regulatory concern about the activities of property spruikers as they seek to target SMSFs and, as Mike Taylor writes, a clear message needs to be sent. ...

Financial planning

FSC echoes calls for FOS consistency

FOS has been characterised by inconsistency, with the resolution and management of complaints dependent on the individual case manager, the FSC says. ...

Financial planning

Dealer group claims restraint of trade

Risk-focused dealer group Synchron is strongly considering going to the Australian Competition and Consumer Commission (ACCC) over a particular dealer group charging advi...

Superannuation

Intra-fund fees should be negotiable: CSSA

Corporate super specialists have been the most negatively affected by the Future of Financial Advice (FOFA) reforms due largely to a misunderstanding about the services t...

Financial planning

AFA questions FOS operating procedures

AFA claims FOS ground rules provide inherent imbalance against advisers....

Financial planning

Value trumps cheque-book recruiting

A dealer group head says he lost three practices to a cheque-book in the last 18 months, but all three have expressed a wish to come back....

Financial planning

Dealer groups turning away planners

Dealer group heads deny playing a numbers game and admit to turning away some planners....

Financial planning

ASIC to launch FOFA implementation project

The financial services regulator will observe a number of selected licensees in their FOFA implementation over the next few months with the goal of identifying areas wher...

Financial planning

ASIC concerned over ‘cookie-cutter’ approach to advice

ASIC warns of best interest duty breaches where dealer groups take a ‘cookie-cutter’ approach....

Life/Risk

ASIC announces major surveillance of risk advice

ASIC deputy chairman Peter Kell has used his speech at the AFA national conference to announce major surveillance of retail advice with respect to life insurance. ...

Life/Risk

Churn terminology needs to change

CommInsure’s Tim Browne says the company had stopped using the word ‘churn’ because it doesn’t accurately represent the underlying issue, which is policy design....